Have you been eager to see how Loews Corporation (L Quick QuoteL - Free Report) performed in the first quarter in comparison with the market expectations? Let’s quickly scan through the key facts from this OH-based multiline insurer’s earnings release this morning.

An Earnings Improvement

Loews reported earnings per share of $1.27 per share, increasing 42.7% year over year.

Loews Corporation Price and EPS Surprise

Loews Corporation Price and EPS Surprise | Loews Corporation Quote

How Was the Estimate Revision Trend?

You should note that there was no earnings momentum for Loews prior to the earnings release. Loews has a decent earnings surprise history. The company surpassed the Zacks Consensus Estimate in two of the last four trailing four quarters.

Key Takeaways

•    Operating revenue of $3.7 billion decreased 4.3% year over year.

•    Total expenses increased 2.3% year over year to $3.2 billion.

•    Book value as of Mar 31, 2019 was $63.59 per share, up 7.3% from $62.16 as of Dec 31, 2018.

•    Repurchased $322 million worth shares.

What Zacks Rank Says

Loews carries Zacks Rank #4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now it all depends on what sense the just-released report makes to the analysts. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on this L earnings report later!

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