Loews Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Loews Corp (NYSE:L) will unveil its latest earnings on Monday, February 6, 2012. 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.

Loews Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 84 cents per share, a decline of 28.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 77 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. For the year, analysts are projecting profit of $2.76 per share, a decline of 9.5% from last year.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported net income of 44 cents per share versus a mean estimate of profit of 54 cents per share.

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A Look Back: In the third quarter, profit rose more than fourfold to $162 million (40 cents a share) from $36 million (9 cents a share) the year earlier, but fell short analyst expectations. Revenue fell 7.1% to $3.44 billion from $3.7 billion.

Key Stats:

The increase in profit in the third quarter broke a streak of two consecutive quarters of year-over-year profit decreases. The figure dropped 31.1% in the second quarter and 9% in the first quarter.

Revenue fell in the third quarter after seeing a rise the quarter before. In the second quarter, revenue rose 1.6%.

Stock Price Performance: During November 2, 2011 to January 31, 2012, the stock price had fallen $1.51 (-3.9%) from $38.82 to $37.31. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011 when shares rose for six-straight days, rising 4.5% (+$1.60) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 6.9% (-$2.82) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com