Title insurance company Fidelity National Financial (NYSE: FNF) will be reporting earnings this Wednesday after market close. Here’s what to look for.
Fidelity National Financial missed analysts’ revenue expectations by 17.9% last quarter, reporting revenues of $2.73 billion, down 17.3% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Fidelity National Financial a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Fidelity National Financial’s revenue to grow 12% year on year to $3.54 billion, improving from the 2.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.41 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Fidelity National Financial has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Fidelity National Financial’s peers in the property & casualty insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Mercury General delivered year-on-year revenue growth of 13.2%, beating analysts’ expectations by 2%, and Allstate reported revenues up 6%, falling short of estimates by 0.7%. Mercury General’s stock price was unchanged after the resultswhile Allstate was up 5.7%.
Read our full analysis of Mercury General’s results here and Allstate’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the property & casualty insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. Fidelity National Financial’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $70.25 (compared to the current share price of $57.96).
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