Revenue: USD 1.41 billion (down 5.1% from Q3 2023).
Net loss: USD 104 million (loss widened by USD 102.3 million from Q3 2023).
A loss of US$1.00 per share (worsening from a loss of US$0.016 in Q3 2023).
Profit and revenue growth
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Sales were 4.6% lower than analysts expected. Earnings per share (EPS) were also lower than analysts expected.
Looking ahead, revenues are expected to increase by an average of 11% per year over the next three years, compared to a growth forecast of 5.2% for the U.S. insurance industry.
Performance of the American insurance industry.
The company’s stock price has fallen 4.9% from a week ago.
There is still a need to consider the ever-present concern of investment risk. We’ve identified 2 warning signs for First American Financial. Understanding these should be part of your investment process.
Do you have feedback on this article? Interested in its content? Please contact us directly. Alternatively, email our editorial team at Simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
