FNF Earnings Prediction
The chart below shows how FNF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FNF sees a -2.47% change in stock price 10 days leading up to the earnings, and a +0.29% change 10 days following the report. On the earnings day itself, the stock moves by -0.16%. This data can give you a slight idea of what to expect for the next quarter's release.
FNF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.60B
29.37%
12.98%
Gross Margin
--
--
--
Operating Margin
10.24%
-55.92%
-35.35%
Net Margin
7.52%
-56.10%
-30.11%
EPS
0.97
-38.22%
-13.39%
No Data Available
FNF Earnings Analysis
Fidelity National Financial, Inc. Corporation (FNF.N) Earnings Conference Call
Positive
Adjusted Pre-Tax Earnings Growth: 1. Strong Adjusted Pre-Tax Earnings: FNF reported adjusted pre-tax earnings of $323 million in Q3 2024, reflecting a solid performance in a challenging market environment.
Quarterly Revenue Increase: 2. Revenue Growth: Total revenue for the third quarter reached $3.6 billion, up from $3.1 billion in Q3 2023, demonstrating a year-over-year increase of 16.1%.
Record Assets Under Management: 3. Record Assets Under Management: F&G achieved a record $62.9 billion in assets under management by the end of Q3 2024, indicating strong growth in its investment portfolio.
Retail Sales Surge: 4. Significant Increase in Retail Sales: F&G's retail sales surged to a record $3.5 billion in Q3 2024, nearly doubling the prior year quarter, driven by strong demand for retirement savings products.
Adjusted Net Earnings Increase: 5. Improved Adjusted Net Earnings: FNF's consolidated adjusted net earnings for Q3 2024 were $375 million, or $1.37 per diluted share, an increase from $333 million, or $1.23 per share, in the same quarter last year.
Negative
Order Volume Decrease: 1. Decline in Total Orders: Total orders opened averaged $5,500 per day in Q3 2024, down 13% from $6,000 per day in September 2024.
Net Earnings Decline: 2. Decreased Net Earnings: Net earnings for Q3 2024 were $266 million, a significant drop from $426 million in Q3 2023, reflecting a decrease in net recognized gains.
Declining Interest Income: 3. Lower Interest and Investment Income: Interest and investment income in the Title and Corporate segments declined to $103 million in Q3 2024, down from the previous year, with expectations of further declines to $95 million in Q4 2024 and $85 million in Q3 2025.
Title Claims Exceed Provisions: 4. Increased Title Claims Paid: Title claims paid in Q3 2024 were $64 million, exceeding the provision of $61 million, indicating a rise in claims against reserves.
Share Repurchase Suspension: 5. No Share Repurchases: Due to continued market uncertainty, there were no share repurchases in Q3 2024, with plans to resume only when cash generation exceeds annual dividend and acquisition spending.
FNF FAQs
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FNF Earning Call Sentiment
Fidelity National Financial, Inc. (FNF) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FNF.N
0.25%Positive
The earnings call summary presents a mixed picture: strong revenue growth and AI initiatives are positive, but declining net earnings and paused share repurchases due to economic uncertainty are concerning. The Q&A session did not provide significant additional insights, but highlighted some operational challenges and uncertainties. Overall, the company's performance is stable, but lacks strong positive catalysts to drive significant stock price movement in the short term. The absence of clear guidance and potential regulatory risks further support a neutral sentiment.
