First American Financial Corp reports results for the quarter ended in December - Earnings Summary

First American Financial

09/02/2023 12:46

* First American Financial Corp  FAF.N  reported quarterly
adjusted earnings of $1.35​​ per share for the quarter ended in
December. The mean expectation of six analysts for the quarter
was for earnings of $1.32 per share.
    * Revenue fell 29% to $1.69 billion from a year ago;
analysts
expected $1.82 billion. 
    * First American Financial Corp's reported EPS for the
quarter was
52 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * First American Financial Corp shares had risen by 17.6%
this
quarter.
    * The company reported quarterly net income of $54 million.
    * Wall Street's median 12-month price target for First
American
Financial Corp is $61.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
9 at 12:45 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.32           1.35           Beat
 Sep. 30 2022      1.52           1.62           Beat
 Jun. 30 2022      1.63           1.97           Beat
 Mar. 31 2022      1.22           1.17           Missed