First American Financial is forming a base with a 71.98 buy point with its next quarterly report set for Oct. 21. The chart pattern is a first-stage flat base.
Understand that buying a stock just ahead of earnings involves risk since you typically don't have enough time to build a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.
Looking For Winning Stocks? Try This Simple Routine
Earnings growth rose in the company's latest report from 55% to 103%, but revenue fell from 43% to 41%.
Analysts expect earnings-per-share growth of 37% for the quarter, and 38% growth for the full year. Annual earnings estimates were recently revised higher.
The company has a 97 Composite Rating and earns the No. 2 rank among its peers in the Insurance-Property/Casualty/Title industry group. Stewart Information Services 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.
