First American Financial Corp expected to post earnings of 59 cents a share - Earnings Preview

First American Financial

22/04/2024 22:45

* First American Financial Corp  FAF.N   FAF  is expected
to show
a fall in quarterly revenue when it reports  results on April 24
for the period ending March 31 2024
    * The Santa Ana California-based  company is expected to
report a
1.1% decrease in revenue to $1.43 billion from $1.45 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data. (Sales/Revenue Majority Basis is on Total Revenue)
    * ​LSEG's mean analyst estimate for First American Financial
Corp
is for earnings of 59 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 23.9%
in the last three months. ​
    * Wall Street's median 12-month price target for First
American
Financial Corp is $70.00​, above​ its last closing price
of $57.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.67        0.77       0.69      Missed  -10.9
 Sep. 30 2023  1.17        1.17       1.22      Beat    4.6
 Jun. 30 2023  1.00        1.02       1.35      Beat    33​
 Mar. 31 2023  0.70        0.70       0.49      Missed  -30.4
 ​​Dec.        1.30        1.32       1.35      Beat    2.3
 31 2022                                                
 Sep. 30 2022  1.53        1.52       1.62      Beat    6.5​
 Jun. 30 2022  1.62        1.63       1.97      Beat    21.1
 Mar. 31 2022  1.23        1.22       1.17      Missed  -3.8
 This summary was machine generated April 22 at 21:45 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)