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

First American Financial

27/07/2023 14:52

* First American Financial Corp  FAF.N  reported quarterly
adjusted earnings of $1.35​​ per share for the quarter ended in
June. The mean expectation of five analysts for the quarter was
for earnings of $1.02 per share.
    * Revenue fell 20.1% to $1.65 billion from a year ago;
analysts
expected $1.50 billion. 
    * First American Financial Corp's reported EPS for the
quarter was
$1.33​.
    * The mean earnings estimate of analysts had fallen by
about 19.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * First American Financial Corp shares had risen by 4.9%
this
quarter and gained 14.2% so far this year.
    * The company reported quarterly net income of $138.5
million.
    * Wall Street's median 12-month price target for First
American
Financial Corp is $67.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 01:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.02           1.35           Beat
 Mar. 31 2023      0.70           0.49           Missed
 Dec. 31 2022      1.32           1.35           Beat
 Sep. 30 2022      1.52           1.62           Beat