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

First American Financial

27/04/2023 14:21

* First American Financial Corp  FAF.N  reported quarterly
adjusted earnings of 49 cents​​ per share for the quarter ended
in March. The mean expectation of six analysts for the quarter
was for earnings of 70 cents per share.
    * Revenue fell 28.9% to $1.45 billion from a year ago;
analysts
expected $1.50 billion. 
    * First American Financial Corp's reported EPS for the
quarter was
44 cents​.
    * The mean earnings estimate of analysts had fallen by
about 22.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * First American Financial Corp shares had fallen by 0.6%
this
quarter and gained 5.7% so far this year.
    * The company reported quarterly net income of $45.9
million.
    * Wall Street's median 12-month price target for First
American
Financial Corp is $65.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 27 at 01:21 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.70           0.49           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