First American Financial Q2 revenue beats estimates by 3.4%

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

First American Financial reported second-quarter revenues of $2.12 billion, up 15% year over year and 3.4% above analyst expectations, with EPS also beating estimates. The company was among the better performers in a property and casualty insurance sector that saw aggregate revenues beat consensus by 2.3% and next-quarter guidance come in 0.9% above. Essent Group led the group with revenue of $362.7 million, up 13.6% and 9.7% ahead of estimates, while Radian Group was the weakest, missing EPS estimates despite revenue of $580.7 million, up 90.8% and in line with expectations. First American shares are up 2.1% since reporting and trade at $71.99.

Impact on stocks 5

Financials± Mixed · 5 stocks
First American Corporation
FAF
▲ PositiveCapitalrelevance

First American Financial reported Q2 revenues of $2.12 billion, up 15% year over year and 3.4% above analyst expectations, with EPS also beating estimates.

Essent Group Ltd
ESNT
▲ PositiveCapitalrelevance

Essent Group led the group with revenue of $362.7 million, up 13.6% and 9.7% ahead of estimates.

Radian Group Inc
RDN
▼ NegativeCapitalrelevance

Radian Group was the weakest, missing EPS estimates despite revenue of $580.7 million, up 90.8% and in line with expectations.