First American Financial Corporation (NYSE:FAF) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, FAF to report 3Q20 income of $ 1.27 per share.
For the full year, analysts anticipate top line of $ 6266.92 million, while looking forward to income of $ 4.47 per share bottom line.
Previous Quarter Performance
First American Financial Corporation disclosed income for the second quarter of $ 1.05 per share, from the revenue of $ 1,609.00 million. The quarterly earnings decreased 33.54 percent while revenues improved 7.41 percent compared with the same quarter last year.
Wall street analysts are predicting, FAF to report 2Q20 income of $ 0.74 per share from revenue of $ 1405.52 million. The bottom line results beat street analysts by $ 0.31 or 41.89 percent, at the same time, top line results outshined analysts by $ 203.48 million or 14.48 percent.
Stock Performance
Shares of First American Financial Corporation traded low $ -0.72 or -1.36 percent on Wednesday, reaching $ 51.94 with volume of 350.90 thousand shares. The stock opened down for the day at $ 52.50, after closing the previous day trading at $ 52.65.
According to the previous trading day, closing price of $ 52.65, representing a 79.33 % increase from the 52 week low of $ 29.36 and a 21.16 % decrease over the 52 week high of $ 66.78.
The company has a market capital of $ 5.79 billion and is part of the Financial Services sector and Insurance – Specialty industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Barclays at Overweight rating, with $ 62.00 target price.
Conference Call
First American Financial Corporation will be hosting a conference call at 11:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.firstam.com
First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.
