Earnings Season Watch List: First American Financial

To get ready for earnings season, look for stocks in or near a potential buy zone ahead of their next report. First American Financial (FAF) currently fits that bill. It’s expected to release its latest numbers around Oct. 21.

The stock is about 3% above a 71.98 buy point from a first-stage flat base.


Be aware that jumping into a stock right as it gets ready to report means you likely won’t have enough time to build a profit cushion before the release. That leaves you exposed to a sudden downturn if the company doesn’t deliver the type of numbers analysts were looking for. You can reduce your exposure by waiting to see the actual numbers and the market’s reaction. You can also use an options strategy to limit your potential downside.

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Earnings growth picked up last quarter from 55% to 103%. But revenue gains fell from 43% to 41%.

Consensus analyst estimates call for earnings-per-share growth of 38% for the quarter, and 42% growth for the full year. Annual growth estimates were recently revised higher.

The company has a 96 Composite Rating and earns the No. 2 rank among its peers in the Insurance-Property/Casualty/Title industry group. Stewart Information Services (STC) is the top-ranked stock within the group.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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