![]() One other stock from the same industry, Berkshire Hathaway B (BRK.B), is yet to report results for the quarter ended March 2023. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. In terms of the Zacks Industry Rank, Insurance - Property and Casualty is currently in the top 35% of the 250 plus Zacks industries. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While First American Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? What's Next for First American Financial? The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.įirst American Financial shares have added about 5.7% since the beginning of the year versus the S&P 500's gain of 5.6%. ![]() The company has topped consensus revenue estimates just once over the last four quarters. This compares to year-ago revenues of $2.03 billion. Over the last four quarters, the company has surpassed consensus EPS estimates three times.įirst American Financial, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $1.45 billion for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 1.53%. A quarter ago, it was expected that this financial services company would post earnings of $1.45 per share when it actually produced earnings of $1.35, delivering a surprise of -6.90%. This quarterly report represents an earnings surprise of 2.08%. These figures are adjusted for non-recurring items. ![]() This compares to earnings of $1.17 per share a year ago. First American Financial (FAF) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share.
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