First American Financial (FAF) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2023, First American Financial (FAF) reported revenue of $1.48 billion, down 18.8% over the same period last year. EPS came in at $1.22, compared to $1.62 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.58 billion, representing a surprise of -5.98%. The company delivered an EPS surprise of +11.93%, with the consensus EPS estimate being $1.09.
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 numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how First American Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Net investment income: $139.10 million compared to the $146.93 million average estimate based on two analysts. The reported number represents a change of +39.1% year over year.
Revenues- Agent premiums: $664.50 million versus $616.33 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -27% change.
Revenues- Direct premiums and escrow fees: $595.50 million versus $573.02 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -21.4% change.
Revenues- Information and other: $245.70 million versus $235.44 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -12.9% change.
View all Key Company Metrics for First American Financial here>>>
Shares of First American Financial have returned -11.8% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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First American Financial Corporation (FAF) : Free Stock Analysis Report
