First American Financial Q2 2024 Adj EPS $1.27 Beats $1.16 Estimate, Sales $1.612B Miss $1.624B Estimate
Portfolio Pulse from Benzinga Newsdesk
First American Financial (NYSE:FAF) reported Q2 2024 adjusted EPS of $1.27, beating the estimate of $1.16, but sales of $1.612 billion missed the $1.624 billion estimate. EPS decreased by 5.93% year-over-year, and sales decreased by 2.01% year-over-year.
July 24, 2024 | 8:19 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
First American Financial reported Q2 2024 adjusted EPS of $1.27, beating the estimate of $1.16, but sales of $1.612 billion missed the $1.624 billion estimate. EPS decreased by 5.93% year-over-year, and sales decreased by 2.01% year-over-year.
The mixed earnings report, with EPS beating estimates but sales missing, suggests a neutral short-term impact on FAF's stock price. The year-over-year declines in both EPS and sales add to the neutral outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100