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Loews Second Quarter Earnings Preview
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Loews (NYSE:L) will release its second quarter results on Monday, July 30, 2012. Analysts are expecting the company to report a profit of 70 cents a share, up from 59 cents a year ago.
In most situations, when earnings do not meet analyst estimates, a business' stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge. SEE: Everything Investors Need To Know About Earnings
What to Expect: The consensus estimate for Loews' earnings is 70 cents per share, up 18.6% from a year ago when the company reported earnings of 59 cents per share.
After rising from 69 cents three months ago, the consensus estimate has remained unchanged in the last month. Analysts are expecting earnings of $3.09 per share for the fiscal year.
The anticipated revenue for the fiscal year is $13.16 billion.
Company Performance: In the first quarter, revenue increased year-year-over to snap a two-quarter declining streak. In the first quarter, it rose 2.1% and fell 6.4% in the fourth quarter of the last fiscal year and 7.1% in the third quarter of the last fiscal year.
Compared to the industry average of 8.71, L's P/E ratio of 15.4 is quite high. This could mean that the market is expecting big things over the next few months or years. The price/earnings ratio is calculated by taking a stock price and dividing it by the earnings-per-share (EPS). To determine the P/E ratio, an investor divides the market price of the stock by the earnings-per-share (EPS) of the stock. SEE: Understanding The P/E Ratio
Since April 26, 2012, the stock price has dipped 1.8% to $40.30 from $41.05. Loews' best recent streak was when its price gained $2.02 per share between June 25, 2012 and July 3, 2012.
The Competition: Through its subsidiaries, Loews is involved in commercial property and casualty insurance, operation of offshore oil and gas drilling rigs, production of natural gas and liquids, operation of interstate natural gas pipeline, and operation of hotels. Most analysts (one of two) give Loews a hold rating. This rating hasn't changed in three months.
The company's closest competitor in the insurance (prop. and casualty) industry is AIG (AIG). Analysts are less optimistic about Loews than about AIG. Nine out of 17 analysts rate the latter a buy compared to one of two for the former.
In most situations, when earnings do not meet analyst estimates, a business' stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge. SEE: Everything Investors Need To Know About Earnings
What to Expect: The consensus estimate for Loews' earnings is 70 cents per share, up 18.6% from a year ago when the company reported earnings of 59 cents per share.
After rising from 69 cents three months ago, the consensus estimate has remained unchanged in the last month. Analysts are expecting earnings of $3.09 per share for the fiscal year.
The anticipated revenue for the fiscal year is $13.16 billion.
Company Performance: In the first quarter, revenue increased year-year-over to snap a two-quarter declining streak. In the first quarter, it rose 2.1% and fell 6.4% in the fourth quarter of the last fiscal year and 7.1% in the third quarter of the last fiscal year.
Since April 26, 2012, the stock price has dipped 1.8% to $40.30 from $41.05. Loews' best recent streak was when its price gained $2.02 per share between June 25, 2012 and July 3, 2012.
The Competition: Through its subsidiaries, Loews is involved in commercial property and casualty insurance, operation of offshore oil and gas drilling rigs, production of natural gas and liquids, operation of interstate natural gas pipeline, and operation of hotels. Most analysts (one of two) give Loews a hold rating. This rating hasn't changed in three months.
The company's closest competitor in the insurance (prop. and casualty) industry is AIG (AIG). Analysts are less optimistic about Loews than about AIG. Nine out of 17 analysts rate the latter a buy compared to one of two for the former.
by
Investopedia Staff
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