First American Financial Q3 Adj EPS $1.22 Beats $1.17 Estimate, Sales $1.48B Miss $1.61B Estimate
Portfolio Pulse from totan@benzinga.com
First American Financial (NYSE:FAF) reported Q3 earnings of $1.22 per share, beating the analyst consensus estimate of $1.17 by 4.27%. However, this is a 27.38% decrease from the same period last year. The company's quarterly sales of $1.48 billion missed the analyst consensus estimate of $1.61 billion by 8.01%, marking an 18.80% decrease from the same period last year.
October 26, 2023 | 10:51 am
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First American Financial's Q3 earnings beat estimates but are down 27.38% YoY. Sales missed estimates and are down 18.80% YoY.
First American Financial's earnings beat estimates, which is positive. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, are negative indicators that could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100