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Fidelity National Financial (FNF)
NYSE:FNF
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.23Last Year’s EPS
$0.75Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -5.60%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with strong performance in both the Title and F&G segments, driven by increased orders and asset management growth. However, there are challenges such as the impact of rising mortgage rates, slight declines in title margins, and natural disaster effects.Company Guidance
During the FNF earnings call for the third quarter of 2024, the company provided guidance with several key metrics. The Title business reported adjusted pretax earnings of $323 million, achieving an industry-leading adjusted pretax title margin of 15.9%, despite a challenging real estate cycle. Daily purchase opened orders experienced an 8% sequential decline from the second quarter, yet refinance volumes increased as 30-year mortgage rates decreased by over 75 basis points, leading to an average of $1,400 refinance orders opened per day during the quarter. Commercial volumes remained steady, with direct commercial revenue reaching $801 million in the first nine months, aligning with historical trends. F&G's assets under management grew to a record $62.9 billion by the end of the quarter, and FNF's consolidated adjusted net earnings, excluding significant items in the F&G segment, were $375 million or $1.37 per diluted share. Looking ahead, FNF anticipates potential growth in commercial volumes, particularly in the office sector, and continues to invest in technology and strategic initiatives to enhance efficiency and customer experience.Strong Title Business Performance
The Title business delivered adjusted pretax earnings of $323 million with an industry-leading adjusted pretax title margin of 15.9%.
Increase in Refinance Orders
Refinance orders opened increased by 46% over the third quarter of 2023 and up 35% over the second quarter of 2024.
Commercial Revenue Stability
Direct commercial revenue of $801 million for the first 9 months, trending in line with historical levels.
F&G Business Growth
F&G profitably grew assets under management to a record $62.9 billion and delivered strong gross sales of $3.9 billion, up 39% over the prior year quarter.
Resilient Earnings
Adjusted net earnings were $356 million or $1.30 per diluted share, compared with $333 million or $1.23 per share for the third quarter of 2023.
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FNF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FNF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $60.38 | $58.63 | -2.90% |
| Aug 05, 2024 | $53.06 | $52.56 | -0.94% |
| May 08, 2024 | $50.78 | $51.25 | +0.93% |
| Feb 21, 2024 | $50.97 | $48.22 | -5.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fidelity National Financial (FNF) report earnings?
Fidelity National Financial (FNF) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Fidelity National Financial (FNF) earnings time?
Fidelity National Financial (FNF) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FNF EPS forecast?
FNF EPS forecast for the fiscal quarter 2024 (Q4) is $1.23.
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