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Loews Corporation

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Loews’ first-quarter 2017 earnings beat the Zacks Consensus Estimate and improved year over year. Loews Hotels remains on growth track as most properties witnessed a higher income. The Boardwalk unit is poised to capitalize on increasing exports of natural gas and pipeline exports to Mexico as well as industrial demand for natural gas and liquids. Addition of Consolidated Container will strengthen its network of manufacturing locations throughout the U.S. Market conditions remain tough for Diamond Offshore. However with new drilling rigs that are contracted through 2019 and demand for oil growing, Loews remains optimistic over the medium and long term. Also, shares of Loews have underperformed the Zacks categorized Multi line industry, since the release of its first-quarter results.

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