Investors Await 2 Financial Stock Earnings Releases On the Way

Loews Corp (NYSE:L) will unveil its latest earnings on Monday, April 30, 2012. The average estimate of analysts is for net income of 79 cents per share, a decline of 11.2% from the company’s actual earnings in the year-ago quarter. During the past three months, the average estimate has moved down from 80 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 79 cents during the last month. For the year, analysts are projecting profit of $2.90 per share, a rise of 7.4% from last year.

The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 6 cents, reporting net income of of 77 cents per share against a mean estimate of profit of 83 cents per share.

Forest Oil Corp (NYSE:FST) will unveil its latest earnings on Monday, April 30, 2012. The average estimate of analysts is for net income of 20 cents per share, a decline of 23.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 22 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 20 cents during the last month. Analysts are projecting profit to rise by 3.4% versus last year to 90 cents.

The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting profit of 18 cents per share against an estimate of net income of 26 cents per share. The quarter before that, it missed expectations by 4 cents. Analysts are projecting a decline of 7.6% in revenue from the year-earlier quarter to $187.7 million.