Recap: First American Financial Q3 Earnings

Shares of First American Financial FAF were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 20.12% year over year to $1.31, which beat the estimate of $1.27.

Revenue of $1,914,000,000 up by 14.54% year over year, which beat the estimate of $1,640,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Oct 22, 2020

Time: 11:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Finvestors.firstam.com%2F&eventid=2625895&sessionid=1&key=5B218590627B89FA808558A6E0C852F7&regTag=&sourcepage=register

Price Action

52-week high: $66.78

52-week low: $29.36

Price action over last quarter: down 5.08%

Company Description

First American Financial is a financial services business providing insurance through two segments: title insurance and related services and specialty insurance. Title insurance and related services includes real estate insurance, property closing services, third-party handling of real estate funds (escrow), risk mitigation, real estate data products, and related real estate transaction services. The title insurance sector serves residential and commercial deals. Specialty insurance includes property insurance policies, casualty insurance policies, and home warranties. Nearly all the company's revenue comes from the title insurance and related services segment in the United States.