Fidelity National Financial Third Quarter 2023 Earnings: EPS Beats Expectations

Fidelity National Financial (NYSE:FNF) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$2.79b (down 13% from 3Q 2022).
• Net income: US$426.0m (up 18% from 3Q 2022).
• Profit margin: 15% (up from 11% in 3Q 2022). The increase in margin was driven by lower expenses.
• EPS: US$1.58 (up from US$1.33 in 3Q 2022).

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

Fidelity National Financial EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 48%.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are up 4.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Fidelity National Financial you should know about.

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