First American Financial (FAF) To Report Earnings Tomorrow: Here Is What To Expect
Title insurance provider First American Financial (NYSE:FAF) will be announcing earnings results this Wednesday after market hours. Here’s what to look for.
First American Financial beat analysts’ revenue expectations last quarter, reporting revenues of $2.12 billion, up 15% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates.
Is First American Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting First American Financial’s revenue to grow 6.3% year on year, slowing from the 40.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. First American Financial rarely misses Wall Street’s revenue estimates.
Looking at First American Financial’s peers in the property & casualty insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. RLI delivered year-on-year revenue growth of 5.1%, meeting analysts’ expectations, and Travelers reported flat revenue, topping estimates by 0.7%. Travelers’s stock price was unchanged following the results.
Read our full analysis of RLI’s results here and Travelers’s results here.
Investors in the property & casualty insurance segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month. First American Financial is down 6.4% during the same time and is heading into earnings with an average analyst price target of $85 (compared to the current share price of $64.83).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.