First American Financial Third Quarter 2024 Earnings: Misses Expectations

First American Financial (NYSE:FAF) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.41b (down 5.1% from 3Q 2023).
• Net loss: US$104.0m (loss widened by US$102.3m from 3Q 2023).
• US$1.00 loss per share (further deteriorated from US$0.016 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

First American Financial Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 4.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for First American Financial that you need to be mindful of.

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