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

Reuters
24 Oct 2024

* First American Financial Corp 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

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