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 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) 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 ...

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 ...

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 ...

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 ...

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 ...

First American Financial Corporation (FAF) recently announced an increase in its quarterly cash dividend, showcasing its commitment to rewarding its shareholders. This move is a testament to the insurer's strong financial position and long-term growth prospects. Approved by the board of directors, the regular quarterly dividend has now been increased to 53 cents per share of common stock from 52 cents. This increment represents a remarkable 2% rise over the previously declared rate. Based on the stock's Sep ...

A month has gone by since the last earnings report for First American Financial (FAF) . Shares have added about 7.3% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is First American Financial due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. First American Q2 Earnings ...

Core Viewpoint - First American Financial (FAF) has shown strong performance with a 14.7% stock price increase over the past six months, significantly outperforming the industry and S&P 500 growth rates, driven by increased demand for first-time home purchases and technological advancements [1] Group 1: Financial Performance - The Zacks Consensus Estimate for FAF's 2024 earnings is $3.89, reflecting a 2.4% increase, with revenues expected to rise by 4% to $6.2 billion [5] - For 2025, the earnings estimate is $5.06, indicating a substantial 30% increase, with revenues projected to grow by 10.9% to $6.9 billion [5] - The top line is expected to grow at a three-year CAGR of 7.8% through 2026, supported by increasing direct premiums, escrow fees, and title agent premiums [3] Group 2: Growth Drivers - Increased demand for first-time home purchases among millennials, along with a strengthening economy and labor market, is expected to drive home price appreciation [2] - First American is enhancing its product offerings and expanding its valuation and data businesses, which are crucial for long-term growth [3][2] - The company is leveraging proprietary data extraction and strong distribution relationships to maintain its leadership in title data [2] Group 3: Shareholder Returns - First American has a strong dividend history, with an eight-year CAGR of 8.2% from 2016 to 2024, yielding 3.4%, which is significantly higher than the industry average of 0.3% [4] - As of June 30, 2024, the company had $169.6 million remaining under its buyback authorization, indicating a commitment to returning wealth to shareholders [4]