Earnings Season Preview: First American Financial Near Buy Zone With Quarterly Report Due

By INVESTOR'S BUSINESS DAILY

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.

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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.


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