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Loews Corp (L)
NYSE:L
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Loews (L) Earnings Date & Reports

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Earnings Data

Report Date
Feb 10, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
Last Year’s EPS
$1.98
Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Nov 04, 2024
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% Change Since: 4.95%
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Next Earnings Date:Feb 10, 2025
Earnings Call Sentiment|Positive
Loews Corporation delivered strong financial results with significant net income growth and favorable outcomes in legal matters for Boardwalk. However, increased catastrophe losses for CNA and a net loss for Loews Hotels present challenges. Overall, the positive financial performance outweighs these difficulties.
Company Guidance
During the third quarter of 2024 earnings call, Loews Corporation reported a net income of $401 million, or $1.82 per share, up from $253 million, or $1.12 per share in the same quarter last year. Excluding a $37 million charge related to the termination of the parent company's pension plan from the previous year, net income increased by 38%. CNA Financial contributed net income of $259 million, while Boardwalk Pipelines' EBITDA rose over 20% to $249 million compared to the prior year. Loews Hotels reported an adjusted EBITDA of $64 million, despite a net loss of $8 million due to a $15 million impairment charge. The parent company saw a net income of $73 million, reversing a $48 million loss from the previous year. Loews also repurchased approximately 830,000 shares for $64 million, ending the quarter with $3.3 billion in cash and short-term investments.
Strong Net Income Growth
Loews reported net income of $401 million or $1.82 per share for Q3 2024, compared to $253 million or $1.12 per share in Q3 2023, marking a significant increase.
Boardwalk EBITDA Growth
Boardwalk's EBITDA increased by over $100 million to more than $1 billion for the twelve months ending September 30, 2024, compared to $917 million for the same period in 2023.
Successful Legal Outcome for Boardwalk
The Delaware Court of Chancery ruled in favor of Loews regarding the 2018 acquisition of Boardwalk's minority interests, reversing a previous substantial judgment against the company.
CNA Financial Performance
CNA reported net income of $259 million in Q3 2024, up from $235 million in Q3 2023, driven by higher net investment income.
Increase in Book Value Per Share
Book value per share increased from $70.69 at the end of 2023 to $79.28 at the end of Q3 2024, excluding AOCI, it increased to $87.22.
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Loews (L) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

L Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 10, 20252024 (Q4)
- / -
1.981
Nov 04, 20242024 (Q3)
- / 1.96
1.23958.27% (+0.72)
Jul 29, 20242024 (Q2)
- / 1.83
1.8120.88% (+0.02)
May 06, 20242024 (Q1)
- / 2.02
1.63623.66% (+0.39)
Feb 05, 20242023 (Q4)
- / 1.98
1.76512.24% (+0.22)
Oct 30, 20232023 (Q3)
- / 1.24
0.94730.83% (+0.29)
Jul 31, 20232023 (Q2)
- / 1.81
0.98284.52% (+0.83)
May 01, 20232023 (Q1)
- / 1.64
1.31624.32% (+0.32)
Feb 06, 20232022 (Q4)
- / 1.76
1.35829.97% (+0.41)
Oct 31, 20222022 (Q3)
- / 0.95
0.9123.84% (+0.03)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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L Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 04, 2024$79.27$76.51-3.48%
Jul 29, 2024$80.03$78.80-1.54%
May 06, 2024$76.28$77.61+1.74%
Feb 05, 2024$72.86$72.61-0.34%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Loews Corp (L) report earnings?
Loews Corp (L) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
    What is Loews Corp (L) earnings time?
    Loews Corp (L) earnings time is at Feb 10, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is L EPS forecast?
          Currently, no data Available
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