Have you been eager to see how Loews Corporation (L - Free Report) performed in the second quarter in comparison with the market expectations? Let’s quickly scan through the key facts from this OH-based property and casualty insurer’s earnings release this morning
An Earnings Miss
Loews reported earnings per share of 72 cents per share, missing the Zacks Consensus Estimate of 73 cents. Earnings however increased 4.3% year over year.
Share buybacks aided the bottom line.
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 superb earnings surprise history. The company surpassed the Zacks Consensus Estimate by an average of 557% in the trailing four quarters.
Loews Corporation Price and EPS Surprise
Key Takeaways
• Operating revenue of $3.6 billion increased 8.3% year over year.
• Total expenses decreased increased nearly 9% year over year to $3.3 billion.
• Book value as of Jun 30, 2018 was $59.72 per share, up 3.3% from $57.83 as of Dec 31, 2017.
• Repurchased $290 million worth shares.
What Zacks Rank Says
Loews carries Zacks Rank #3 (Hold). 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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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 >>
Have you been eager to see how Loews Corporation (L - Free Report) performed in the second quarter in comparison with the market expectations? Let’s quickly scan through the key facts from this OH-based property and casualty insurer’s earnings release this morning
An Earnings Miss
Loews reported earnings per share of 72 cents per share, missing the Zacks Consensus Estimate of 73 cents. Earnings however increased 4.3% year over year.
Share buybacks aided the bottom line.
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 superb earnings surprise history. The company surpassed the Zacks Consensus Estimate by an average of 557% in the trailing four quarters.
Loews Corporation Price and EPS Surprise
Key Takeaways
• Operating revenue of $3.6 billion increased 8.3% year over year.
• Total expenses decreased increased nearly 9% year over year to $3.3 billion.
• Book value as of Jun 30, 2018 was $59.72 per share, up 3.3% from $57.83 as of Dec 31, 2017.
• Repurchased $290 million worth shares.
What Zacks Rank Says
Loews carries Zacks Rank #3 (Hold). 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!
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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