Company did not provide specific guidance for the current quarter or full year
Result drivers
Commercial title growth - Co said results were driven by its commercial business, which posted a 34% revenue increase and higher average revenue per order
Investment income - Title segment investment income grew 11%, primarily from higher interest income, despite a decline in the federal funds rate
Information and other revenues - Growth in subservicing, non-insured information products, and Canadian refinance activity contributed to higher information and other revenues
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$2.12 bln
$2.03 bln (3 Analysts)
Q2 EPS
$2.12
Q2 Net Income
$218.50 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the property & casualty insurance peer group is "buy"
Wall Street's median 12-month price target for First American Financial Corp is $84.00, about 17.2% above its July 21 closing price of $71.65
FAF•
