Fidelity National Financial (FNF) said after close Tuesday that it earned $1.23 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $2.8 billion, missing estimates by $8 million.
In the same quarter a year ago, the company earned $1.07 per share on revenue of $3.2 billion.
The stock is up 3% to $43.26 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Fidelity National Financial a Bullish Sentiment Rank from InvestorsObserver.
Fidelity National Financial has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 97, putting Fidelity National Financial in the top 25% of stocks. The firm set a 52-week low on March 17, 2023 at $31.84 and set a 52-week high on February 2, 2023 at $45.51.
Fidelity National Financial Inc provides title insurance, escrow, and other title-related services. It operates in three segments: Title, F&G, Corporate and Other. The title segment that derives majority revenue consists of the operations of title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. Substantially all of the company's revenue is generated in the United States.
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Fidelity National Financial Up 3% To $43.26 After Earnings Beat
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