NYSE$L

Loews Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Loews reported net income, driven by higher earnings at CNA Financial Corporation and Boardwalk Pipelines, as well as higher parent company net investment income, partially offset by lower results at Diamond Offshore Drilling, Inc. and Loews Hotels & Co.

Loews Corporation reported a net income of $217 million, or $0.73 per share, for the three months ended December 31, 2019, a significant improvement compared to a net loss of $165 million, or $0.53 per share, in the prior year period.

  • Net income increased due to higher earnings at CNA Financial Corporation and Boardwalk Pipelines.
  • Parent company net investment income also contributed to the increase in net income.
  • Lower results at Diamond Offshore Drilling, Inc. and Loews Hotels & Co partially offset the increases.
  • Results improved mainly due to increased net investment income at CNA and the parent company.

Headline financials

Total Revenue

$3.88B

Previous: $3.29B+17.9%
EPS (adj)

$0.73

Previous: $0.29+151.7%
Capital Expenditures

$298M

Previous: $264M+12.9%
Free Cash Flow

$172M

Previous: $563M-69.4%
Net Income

$217M

Previous: -$165M+231.5%
Gross Profit

$3.88B

Previous: $3.29B+17.9%
Cash & Equivalents

$336M

Previous: $405M-17.0%
Total Assets

$82.2B

Previous: $78.3B+5.0%

Revenue & EPS history

Loews · Revenue · Quarterly

$3.88B

Q4 2019+17.9%vs Q4 2018
Beat estimate in 9 of 12 quarters(75%)
ActualEstimate

Revenue by segment

Loews · $3.6B total across 4 segments · Q4 2019

  • CNA Financial
    $2.78B
  • Boardwalk Pipelines
    $331M
  • Investment Income
    $321M
  • Loews Hotels & Co
    $170M

Forward guidance

The company did not provide any forward guidance in the earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.2%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.1%

Avg return

30 days after

49%

33 / 67 earnings

Positive

+9.3%

Q3 2020

Best reaction

-6.2%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.2%-6.5%-7.8%
Q4 2025-0.3%-2.2%-2.2%
Q3 2025-0.1%+3.0%+6.2%
Q1 2025-2.0%+0.3%+0.1%
Q4 2024-1.0%-4.3%-3.2%
Q3 2024-1.1%+4.8%+8.3%
Q2 2024+0.5%-1.7%+1.5%
Q1 2024+1.8%+2.1%-1.9%
Q4 2023-0.3%-0.4%+3.3%
Q3 2023+1.9%+4.7%+9.1%
Q2 2023+1.2%+1.2%-0.2%
Q1 2023+2.5%+1.8%-2.7%
Q4 2022+4.4%+3.4%-2.1%
Q3 2022-2.6%-4.3%+0.3%
Q2 2022-5.0%-5.4%-5.0%
Q1 2022-0.1%+2.5%+3.0%
Q4 2021+0.8%+0.6%-0.4%
Q3 2021+2.4%+2.1%-4.7%
Q2 2021-0.1%+2.4%+3.8%
Q1 2021+3.1%+4.8%+4.6%
Q4 2020+0.6%+1.7%+5.6%
Q3 2020+9.3%+8.7%+22.8%
Q2 2020-2.8%+3.7%+0.5%
Q1 2020-2.6%-1.9%+12.2%
Q4 2019+2.8%+1.8%-25.4%
Q3 2019-3.2%-2.4%+0.0%
Q2 2019-1.8%-2.9%-7.4%
Q1 2019+2.2%+1.3%+2.1%
Q4 2018-3.3%-1.6%+0.5%
Q3 2018+7.0%+7.1%+1.5%
Q2 2018+2.0%+2.8%+1.4%
Q1 2018+1.3%-1.5%-5.7%
Q4 2017+2.9%+7.2%+9.1%
Q3 2017+3.3%+3.5%+5.0%
Q2 2017+1.9%+1.8%-3.4%
Q1 2017+0.9%+0.8%+1.2%
Q4 2016-0.4%-0.3%+1.4%
Q3 2016+3.3%+1.0%+8.8%
Q2 2016-2.8%-0.4%+1.3%
Q1 2016+0.5%
Q4 2015+0.2%
Q3 2015+2.2%
Q2 2015-1.6%
Q1 2015-1.1%
Q4 2014+1.9%
Q3 2014-1.0%
Q2 2014-0.3%
Q1 2014-0.1%
Q4 2013-2.9%
Q3 2013+0.7%
Q2 2013-0.7%
Q1 2013+0.5%
Q4 2012-0.5%
Q3 2012-0.3%
Q2 2012-5.1%
Q1 2012+1.3%
Q4 2011+1.1%
Q3 2011-2.0%
Q2 2011-1.9%
Q1 2011+1.1%
Q4 2009-0.1%
Q4 2010-0.1%
Q3 2010+0.5%
Q2 2010+0.6%
Q1 2010+1.7%
Q2 2009-1.4%
Q2 2008-1.4%

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