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Friday, April 27, 2012

Loews Q1 earnings estimates report april 30 2012

Loews Q1 earning estimates report april 30 2012, Loews insurance stock prediction 2012, Loews insurance market share 2012 : Loews (L) is expected to report poor first quarter earnings on Monday, April 30, 2012 with analysts expecting a 11.2% drop in earnings from a year ago. The consensus estimate is 79 cents per share, down from earnings of 89 cents per share a year ago.

What to Expect:
The consensus estimate is down from three months ago when it was 80 cents, but is unchanged over the past month. Analysts are projecting earnings of $2.90 per share for the fiscal year. For the year, revenue is projected to come in at $14.3 billion.

Trends to Watch For:
The company has seen steady earnings for the last eight quarters, and for the last four, net income has increased year-over-year by an average of 66.8%. The company benefited from the boost in the third quarter of the last fiscal year when profit swelled more than fourfold, marking the biggest gain.

The company’s reported revenue has declined in the last two quarters. In fourth quarter of the last fiscal year, revenue was $3.48 billion, 6.4% lower than the year-ago figure. In the quarter before that, revenue fell 7.1%.

Analyst Ratings:
Analysts generally think investors should stand pat on Loews, with one of two analysts rating it hold. The average analyst rating of the stock has stayed unchanged from three months prior.

Competitors:
Loews is a commercial property and casualty insurance company. It provides risk management, warranty and claims administration services, as well as professional liability and other coverages. Loews also owns and operates drilling rigs at offshore oil and gas wells on a contract basis. One of Loews’ main competitors in the insurance industry, American Intl Group (AIG), will report earnings on May 3, 2012. Other competitors in the financials sector include: CNA (CNA), Chubb (CB), and Travelers Cos (TRV).

Recent Price Movement:
Over the past quarter, the stock price has risen to $40.24 from $37.89 on January 26, 2012.

Earnings estimates provided by Zacks.
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