First American Financial (FAF) reports a second-quarter 2024 operating income per share of $1.27, which beat the Zacks Consensus Estimate by 12.4%. The bottom line decreased 5.9% year over year. The insurer's results reflect the benefits of the seasonal pick-up in demand despite challenging market conditions. Operating revenues of $1.6 billion dropped 2.1% year over year due to lower agent premiums and information and other. The top line missed the Zacks Consensus Estimate by 1.2%. Investment income was $12 ...

The reported revenue represents a surprise of -1.20% over the Zacks Consensus Estimate of $1.63 billion. With the consensus EPS estimate being $1.13, the EPS surprise was +12.39%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago n ...

-more- First American Financial Reports Second Quarter 2024 Results Page 11 First American Financial Corporation Reconciliation of Non-GAAP Financial Measures (in millions, except margin and per share amounts, unaudited) Consolidated | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------|-------|-------------|-------|----------|-------|-------------|-------|-----------| | | | June \n2024 | 30, | 2023 | | June \n2024 | 30, | 2023 | | Total revenues | $ ...

The consensus EPS estimate for the quarter has been revised 2.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights. Based on the collective assessment of an ...

First American Financial (FAF) is poised to grow, given the increased demand among millennials for firsttime home purchases. The expansion of its valuation and data businesses, as well as strength in commercial business and technological upgrades, is expected. These, along with solid growth projections, make the Zacks rank #3 (Hold) stock worth retaining. Shares have gained 8.5% in the past month, outperforming the industry's growth of 7.6%, the Finance sector's decline of 1% and the Zacks S&P 500 composite ...

First American Financial (FAF) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. Zacks Consensus Estimate Revenues are expected to be $1.63 billion, down 0.9% from the year-ago quarter. The consensus EPS estimate for ...

First American's debt levels have been increasing in the past few years with debt-to-capital ratio deteriorating. Its times interest earned compares unfavorably with the industry average. Stocks to Consider Some top-ranked stocks from the insurance industry are HCI Group, Inc. (HCI) , Palomar Holdings (PLMR) and ProAssurance (PRA) . Each stock presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. HCI Group's earnings surpassed estimates in each of ...

Slowly but surely, it appears that inflation is starting to cool off, and the Federal Reserve will be able to start cutting its benchmark interest rate. Last week, the monthly employment report hinted at a gradual deceleration in the economy. Specifically, the unemployment rate ticked up to 4.0% for May. That ended a 27-month streak of the U.S. unemployment rate remaining below 4%. While unemployment is hardly a crisis at current levels, it does appear that the economy's post-pandemic boom is starting to mo ...

It has been about a month since the last earnings report for First American Financial (FAF) . Shares have lost about 0% in that time frame, underperforming the S&P 500. Will the recent trend continue leading up to its next earnings release, or is First American Financial due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. First American Q1 Earnings & Re ...

First American Financial Corporation (FAF) has been gaining momentum on the back of higher interest rates in the cash and investment portfolio, improved agent premiums, stronger net realized investment gain and effective capital deployment. Growth Projections The Zacks Consensus Estimate for First American's 2024 earnings per share indicates a year-over-year increase of 8.1%. The consensus estimate for revenues is pegged at $6.55 billion, implying a year-over-year improvement of 9.1%. The consensus estimate ...