Advertisement
Singapore markets closed

  • Straits Times Index

    3,292.93
    -3.96 (-0.12%)
     

  • Nikkei

    38,236.07
    -37.98 (-0.10%)
     

  • Hang Seng

    18,475.92
    +268.79 (+1.48%)
     

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • Bitcoin USD

    63,700.44
    -725.37 (-1.13%)
     

  • CMC Crypto 200

    1,324.72
    +47.74 (+3.74%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • Dow

    38,675.68
    +450.02 (+1.18%)
     

  • Nasdaq

    16,156.33
    +315.37 (+1.99%)
     

  • Gold

    2,310.10
    +0.50 (+0.02%)
     

  • Crude Oil

    77.99
    -0.96 (-1.22%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • FTSE Bursa Malaysia

    1,589.59
    +9.29 (+0.59%)
     

  • Jakarta Composite Index

    7,134.72
    +17.30 (+0.24%)
     

  • PSE Index

    6,615.55
    -31.00 (-0.47%)
     

First American Financial (FAF) Reports Q1 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·2-min read

First American Financial (FAF) reported $1.42 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.5%. EPS of $0.45 for the same period compares to $0.49 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.46 billion, representing a surprise of -2.62%. The company delivered an EPS surprise of -32.84%, with the consensus EPS estimate being $0.67.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

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: $127.90 million versus the two-analyst average estimate of $137.11 million. The reported number represents a year-over-year change of -4.6%.

  • Revenues- Agent premiums: $563.80 million versus $587.64 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.5% change.

  • Revenues- Direct premiums and escrow fees: $0 million versus $492.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -100% change.

  • Revenues- Information and other: $223 million versus the two-analyst average estimate of $225.48 million. The reported number represents a year-over-year change of -1.7%.

View all Key Company Metrics for First American Financial here>>>

Shares of First American Financial have returned +0.3% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

First American Financial Corporation (FAF) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research