Loews Corporation (NYSE:L) is trading up 38.18% versus 12-month low of 33.63 and stands -3.29% lower from its 1-year peak of $48.05. The consensus price target (PT) of $43.33 means that the market expects Company shares to increase by -6.4% in the short run. The sell-side target prices range from $41 to $46. In the last month the stock has moved in price -1.00%, with a one year change of 30.43%. The last trading session volume compares with the 976.58K average and market worth floats around 15.59B.
Loews Corporation (NYSE:L) gained 0.39% to reach at the trading price of $46.47 as it is set to release its next quarterly earnings report on February 13, 2017. Loews Corporation stock trades in the range of $46.09 to $46.57 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.63 a share.
Loews Corporation (L) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Loews Corporation to earn $0.76 per share (EPS). The EPS consensus range is $0.6-$0.89.
While if we look at the Earnings Track Record, Loews Corporation (L) managed to surpass quarterly earnings per share estimates in 5 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 41%. Last time the company reported, Loews Corporation (L) generated $0.89 in earnings per share, beating the consensus estimate of $0.69. Revenues hit $3.71B in the March 2017 quarter, which was above the consensus $3.39B projection.
Loews Corporation (NYSE:L) Analyst Insights
The buoyancy in the outlook of Loews Corporation (L) is getting weaker by the somewhat negative sentiment (2.50 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Market Perform. Deutsche Bank has been covering shares of L, so it is most recent view is worth a look. In a research note issued on Mar 24, 2014, analysts at downgraded the stock to Hold from Buy. Another noteworthy analyst activity was recorded on Dec 13, 2004. Downgraded the stock to Market Perform from Outperform/Buy.