Loews Corporation (L - Free Report) is slated to report third-quarter 2017 results on Oct 30, before the market opens. Last quarter, the company’s earnings came in line with the estimates.
Let’s see how things are shaping up for this announcement.
Factors to be Considered This Quarter
Consecutive catastrophes likely have been a drag on CNA Financial’s (CNA - Free Report) third-quarter results. However, an intensified focus on underwriting standards might have limited this downside.
Last quarter, the Diamond Offshore (DO - Free Report) segment benefited from higher contract drilling revenues and cost containment. The yet-to-be reported quarter likely has witnessed these favorable factors leading to higher contribution from Diamond Offshore.
Results at Loews Hotels are expected to have improved this yet-to-be-reported quarter.
Expenses likely have increased, weighing on the desired margin expansion.
Earnings Whispers
Our proven model does not conclusively show that Loews Corp. is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here, as you will see below.
Zacks ESP: Loews Corp. has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 2 cents. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Zacks Rank: Loews Corp. carries a Zacks Rank #4 (Sell), which lowers the predictive power of ESP. We caution against the Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
A Stock to Consider
Some stocks worth considering from the finance sector with the right combination of elements to come up with an earnings beat this quarter are as follows:
Prudential Financial (PRU - Free Report) is set to report third-quarter earnings on Nov 1 with an Earnings ESP of +0.07% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Loews Corporation (L - Free Report) is slated to report third-quarter 2017 results on Oct 30, before the market opens. Last quarter, the company’s earnings came in line with the estimates.
Let’s see how things are shaping up for this announcement.
Factors to be Considered This Quarter
Consecutive catastrophes likely have been a drag on CNA Financial’s (CNA - Free Report) third-quarter results. However, an intensified focus on underwriting standards might have limited this downside.
Last quarter, the Diamond Offshore (DO - Free Report) segment benefited from higher contract drilling revenues and cost containment. The yet-to-be reported quarter likely has witnessed these favorable factors leading to higher contribution from Diamond Offshore.
Results at Loews Hotels are expected to have improved this yet-to-be-reported quarter.
Expenses likely have increased, weighing on the desired margin expansion.
Earnings Whispers
Our proven model does not conclusively show that Loews Corp. is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here, as you will see below.
Zacks ESP: Loews Corp. has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 2 cents. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Zacks Rank: Loews Corp. carries a Zacks Rank #4 (Sell), which lowers the predictive power of ESP. We caution against the Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
A Stock to Consider
Some stocks worth considering from the finance sector with the right combination of elements to come up with an earnings beat this quarter are as follows:
Prudential Financial (PRU - Free Report) is set to report third-quarter earnings on Nov 1 with an Earnings ESP of +0.07% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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