Fidelity National Finl Q1 2024 Adj EPS $0.76 Misses $0.84 Estimate, Sales $3.30B Beat $2.67B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fidelity National Financial (FNF) reported Q1 2024 adjusted EPS of $0.76, missing the consensus estimate of $0.84 by 9.52%. However, their quarterly sales of $3.30 billion exceeded expectations of $2.67 billion by 23.42%, marking a 33.35% increase from the previous year.
May 08, 2024 | 8:47 pm
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NEUTRAL IMPACT
FNF's Q1 2024 earnings missed EPS estimates but significantly beat revenue forecasts, indicating mixed financial performance.
The miss in EPS estimates may concern investors about profitability, while the substantial beat in revenue forecasts could signal strong demand for FNF's services. The mixed results create uncertainty, hence a neutral score is assigned.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100