Fidelity National Financial Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Fidelity National Financial (NYSE:FNF) Full Year 2023 Results
Key Financial Results
Revenue: US$11.8b (up 1.3% from FY 2022).
Net income: US$517.0m (down 55% from FY 2022).
Profit margin: 4.4% (down from 9.8% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$1.92 (down from US$4.13 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fidelity National Financial Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates by 37%.
Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's shares are down 5.0% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Fidelity National Financial you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
