How Will Loews Stock React To Its Upcoming Earnings?
Loews (NYSE:L) is set to report its earnings on Monday, November 3, 2025. The company has $21 Bil in current market capitalization. Revenue over the last twelve months was $18 Bil, and it was operationally profitable with $1.8 Bil in operating profits and net income of $1.3 Bil. While the post-earnings stock reaction will depend on how the results and outlook stack up against investor expectations, a detailed look at historical results can aid you if you are an event-driven trader.
Here is how: either understand the historical odds and position yourself prior to the earnings announcement, or look at the correlation between immediate and medium-term returns post earnings and enter a trade one day after the announcement.
See earnings reaction history of all stocks
A single stock can be risky, but there is a huge value to a broader, diversified approach we take with the Trefis High Quality Portfolio. Trefis works with Empirical Asset Management — a Boston area wealth manager — whose asset allocation strategies yielded positive returns during the 2008-09 period when the S&P lost more than 40%. Empirical has incorporated the Trefis HQ Portfolio in this asset allocation framework to provide clients with higher returns while taking on lower levels of risk versus the benchmark index.
- Cleveland-Cliffs Stock: Can 2026 Mark a Turnaround Year?
- Why Is Nvidia’s 6 Year Old GPU Still Sold Out?
- How To Earn 8.2% Yield While Waiting to Buy SBUX 30% Cheaper
- 3 Forces That Could Shake Broadcom Stock
- Could Accenture Stock’s Cash Flow Spark the Next Rally?
- Should You Pay Attention To GE Aerospace Stock’s Momentum?
Loews’s Historical Odds Of Positive Post-Earnings Return
Some observations on one-day (1D) post-earnings returns:
- There are 20 earnings data points recorded over the last five years, with 11 positive and 9 negative one-day (1D) returns observed. In summary, positive 1D returns were seen about 55% of the time.
- However, this percentage decreases to 55% if we consider data for the last 3 years instead of 5.
- Median of the 11 positive returns = 1.8%, and median of the 9 negative returns = -1.7%
Additional data for observed 5-Day (5D) and 21-Day (21D) returns post earnings are summarized along with the statistics in the table below.
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2025 | 2.8% | 3.9% | 6.6% |
| 5/5/2025 | -1.8% | 0.3% | 1.8% |
| 2/10/2025 | -1.0% | -4.3% | -2.5% |
| 11/4/2024 | -3.5% | 4.8% | 8.5% |
| 7/29/2024 | -1.5% | -1.7% | 0.5% |
| 5/6/2024 | 1.8% | 2.1% | -1.0% |
| 2/5/2024 | -0.3% | -0.4% | 2.2% |
| 10/30/2023 | 0.2% | 4.7% | 9.4% |
| 7/31/2023 | 0.7% | 1.2% | 0.2% |
| 5/1/2023 | 4.4% | 1.8% | -0.2% |
| 2/6/2023 | 2.2% | 3.4% | -0.5% |
| 10/31/2022 | -1.7% | -4.3% | -0.3% |
| 8/1/2022 | -4.5% | -5.4% | -2.9% |
| 5/2/2022 | -2.0% | 2.5% | 4.3% |
| 2/7/2022 | -0.7% | 0.6% | -1.9% |
| 11/1/2021 | 1.8% | 2.1% | -4.5% |
| 8/2/2021 | 0.0% | 2.4% | 4.2% |
| 5/3/2021 | 2.3% | 4.8% | 5.0% |
| 2/8/2021 | 1.3% | 1.7% | 3.0% |
| 11/2/2020 | 7.6% | 8.7% | 22.9% |
| SUMMARY STATS | |||
| # Positive | 11 | 15 | 12 |
| # Negative | 9 | 5 | 8 |
| Median Positive | 1.8% | 2.4% | 4.3% |
| Median Negative | -1.7% | -4.3% | -1.5% |
| Max Positive | 7.6% | 8.7% | 22.9% |
| Max Negative | -4.5% | -5.4% | -4.5% |
Correlation Between 1D, 5D and 21D Historical Returns
A relatively less risky strategy (though not useful if the correlation is low) is to understand the correlation between short-term and medium-term returns post earnings, find a pair that has the highest correlation, and execute the appropriate trade. For example, if 1D and 5D show the highest correlation, a trader can position themselves “long” for the next 5 days if the 1D post-earnings return is positive. Here is some correlation data based on a 5-year and a 3-year (more recent) history. Note that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and subsequent 5D returns.
| History | 1D_5D Returns | 1D_21D Returns | 5D_21D Returns |
|---|---|---|---|
| 5Y History | 34.8% | -2.3% | 14.0% |
| 3Y History | -42.1% | -65.8% | -28.3% |
Is There Any Correlation With Peer Earnings?
Sometimes, peer performance can have an influence on post-earnings stock reaction. In fact, the pricing-in might begin before the earnings are announced. Here is some historical data on the past post-earnings performance of Loews stock compared with the stock performance of peers that reported earnings just before Loews. For fair comparison, peer stock returns also represent post-earnings one-day (1D) returns.
| 1D Return | Peer Post-Earnings 1D Return | ||
|---|---|---|---|
| L Earnings Dates | L | PCG | MKL |
| 8/4/2025 | 2.8% | 7.3% | N/A* |
| 5/5/2025 | -1.8% | -2.7% | N/A* |
| 2/10/2025 | -1.0% | N/A* | 7.0% |
| 7/29/2024 | -1.5% | 1.4% | N/A* |
| 2/5/2024 | -0.3% | N/A* | -5.3% |
| 10/30/2023 | 0.2% | 2.0% | N/A* |
| 7/31/2023 | 0.7% | 0.1% | N/A* |
| 2/6/2023 | 2.2% | N/A* | -3.3% |
| 10/31/2022 | -1.7% | -2.9% | N/A* |
| 8/1/2022 | -4.5% | 1.2% | N/A* |
| 5/2/2022 | -2.0% | -2.2% | N/A* |
| 2/7/2022 | -0.7% | N/A* | -2.2% |
| 8/2/2021 | 0.0% | -1.4% | N/A* |
| 2/8/2021 | 1.3% | N/A* | 8.1% |
| CORRELATION | -24.0% | -40.3% | |
* N/A indicates that the peer reported earnings after L
Separately, if you want upside with a smoother ride than an individual stock such as L, consider the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.