Looking Into First American Financial's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
First American Financial (NYSE:FAF) reported Q1 earnings of $46 million, up 14.81% from Q4, but sales dropped 14.18% to $1.45 billion. The company posted a return on capital employed (ROCE) of 0.01%, indicating effective capital allocation. However, Q1 earnings per share of $0.49 missed analyst predictions of $0.7.
May 25, 2023 | 2:55 pm
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First American Financial's Q1 earnings increased 14.81% to $46 million, but sales dropped 14.18% to $1.45 billion. The company's ROCE of 0.01% indicates effective capital allocation, but its EPS of $0.49 missed analyst predictions of $0.7.
First American Financial's Q1 earnings showed an increase, but sales dropped, and EPS missed analyst predictions. The company's ROCE indicates effective capital allocation, which is a positive sign for long-term success. However, the mixed results make it difficult to predict a clear short-term price direction for the stock.
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