First American Financial Q4 2023 Adj EPS $0.69 Misses $0.77 Estimate, Sales $1.43B Miss $1.47B Estimate
Portfolio Pulse from Benzinga Newsdesk
First American Financial (NYSE:FAF) reported Q4 2023 earnings of $0.69 per share, missing the consensus estimate of $0.77. Quarterly sales were $1.43B, below the $1.47B estimate, marking a 15.19% decrease from the previous year.
February 07, 2024 | 9:17 pm
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NEGATIVE IMPACT
First American Financial reported lower than expected Q4 2023 earnings and sales, missing both EPS and revenue estimates.
Missing both earnings per share (EPS) and revenue estimates typically leads to negative investor sentiment in the short term. The reported decrease in sales compared to the same period last year further compounds the potential negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
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