First American Financial Corp reports results for the quarter ended in September 30 - Earnings Summary

First American Financial

24/10/2024 04:11

* First American Financial Corp  FAF.N  reported quarterly
adjusted earnings of $1.34​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of $1.22.  The mean expectation of
six analysts for the quarter was for earnings of $1.14 per
share. Wall Street expected results to range from $1.07 
to $1.20 per share.
    * Revenue fell 14.5% to $1.41 billion from a year ago;
analysts
expected $1.47 billion. 
    * First American Financial Corp's reported EPS for the
quarter was
a loss of $1.00​.
    * The company reported a quarterly loss of $104 million.
    * First American Financial Corp shares had fallen by 2.8%
this
quarter and lost 0.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "buy"

Wall Street's median 12-month price target for First American
Financial Corp is 70.00 
This summary was machine generated from LSEG data October 24 at
03:11 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.14           1.34           Beat
 Jun. 30 2024      1.16           1.27           Beat
 Mar. 31 2024      0.59           0.45           Missed
 Dec. 31 2023      0.77           0.69           Missed