First American(FAF)

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Is First American Financial (FAF) Stock Undervalued Right Now?
ZACKS· 2024-11-05 15:45
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...
First American(FAF) - 2024 Q3 - Quarterly Report
2024-10-24 22:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-34580 FIRST AMERICAN FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Identificat ...
First American Q3 Earnings Beat Estimates, Dividend Raised
ZACKS· 2024-10-24 18:00
First American Financial (FAF) reported third-quarter 2024 operating income per share of $1.34, which beat the Zacks Consensus Estimate of $1.15. The bottom line increased 9.8% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The insurer’s results reflected the benefits of the seasonal pick-up in demand despite challenging market conditions.What’s Behind the Headlines for FAF?Operating revenues of $1.4 billion fell 5.1% year over year due to lower agent premiums and in ...
First American(FAF) - 2024 Q3 - Earnings Call Transcript
2024-10-24 17:58
First American Financial Corporation (NYSE:FAF) Q3 2024 Earnings Call Transcript October 24, 2024 11:00 AM ET Company Participants Craig Barberio - Vice President, Investor Relations Ken DeGiorgio - Chief Executive Officer Mark Seaton - Executive Vice President & Chief Financial Officer Conference Call Participants Bose George - KBW John Campbell - Stephens Inc Terry Ma - Barclays Mark DeVries - Deutsche Bank Mark Hughes - Truist Securities Geoffrey Dunn - Dowling & Partners Operator Greetings, and welcome ...
First American Financial (FAF) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-10-24 00:30
First American Financial (FAF) reported $1.41 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 5.1%. EPS of $1.34 for the same period compares to $1.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.67 billion, representing a surprise of -15.68%. The company delivered an EPS surprise of +16.52%, with the consensus EPS estimate being $1.15.While investors scrutinize revenue and earnings changes year-over-year and how they compar ...
First American Financial (FAF) Q3 Earnings Top Estimates
ZACKS· 2024-10-23 23:05
First American Financial (FAF) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.52%. A quarter ago, it was expected that this financial services company would post earnings of $1.13 per share when it actually produced earnings of $1.27, delivering a surprise of 12.39%.Over the last ...
First American(FAF) - 2024 Q3 - Quarterly Results
2024-10-23 20:15
Exhibit 99.1 NEWS FOR IMMEDIATE RELEASE FIRST AMERICAN FINANCIAL REPORTS THIRD QUARTER 2024 RESULTS SANTA ANA, Calif., Oct. 23, 2024 – First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the third quarter ended Sept. 30, 2024. Current Quarter Highlights • Earnings per diluted share of $(1.00), or $1.34 per share on an adjust ...
Earnings Preview: First American Financial (FAF) Q3 Earnings Expected to Decline
ZACKS· 2024-10-16 15:06
Wall Street expects a year-over-year decline in earnings on higher revenues when First American Financial (FAF) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...
FAF Stock Near 52-Week High: Should You Buy or Wait for a Pullback?
ZACKS· 2024-09-24 17:11
Shares of First American Financial (FAF) closed at $65.01 on Monday, near its 52-week high of $67.88. Increased demand among millennials for first-time home purchases, the expansion of valuation and data businesses and strength in commercial business and technological upgrades are driving the price higher. Shares of FAF have gained 21.3% in the past three months, outperforming the industry's growth of 11.2%, the Finance sector's increase of 2.4% and the Zacks S&P 500 composite's increase of 4%. FAF Outperfo ...
First American Financial (FAF) Could Be a Great Choice
ZACKS· 2024-09-23 16:45
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric tha ...