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Fidelity National (FNF) Q4 Earnings: What's in the Cards?
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Fidelity National Financial, Inc. (FNF - Free Report) is slated to report fourth-quarter 2021 results on Feb 23, after market close. The company delivered an earnings surprise in all the three reported quarters of 2021.
Factors to Note
Premiums in the to-be-reported quarter are expected to have increased on higher direct premium, agency premiums as well as escrow, title-related and other fees.
Being the nation’s largest title insurance and settlement services company, Fidelity National has a leading market share in the residential purchase, refinance, and commercial markets.
FNF is likely to have benefited from strong origination demand and continued rebound in commercial real estate activity in a still-low interest rate environment.
Higher order volumes are likely to have aided its commercial performance.
At F&G, Fidelity National is likely to have witnessed higher sales, given expanded distribution channel and enjoyed attractive spreads despite the low interest rate environment. Assets under management is expected to have benefited from solid retail annuity sales and F&G's interest in institutional markets.
The Zacks Consensus Estimate for earnings per share is pegged at $1.60, indicating a decrease of 20.4% from the year-ago reported figure. The consensus estimate for revenues is pegged at $3.3 billion, down indicating a decline of 12.8% from the year-ago reported figure.
Expenses are likely to have increased attributable to higher personnel costs and other expenses.
However, investments in technology, operations and automation are likely to have aided margin.
Quantitative Model Prediction
Our proven model does not conclusively predict an earnings beat for Fidelity National this time around. The stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) for this to happen. This is not the case as you can see below.
Earnings ESP: It has an Earnings ESP of 0.00%. This is because both the Zacks Consensus Estimate and the Most Accurate Estimate is are pegged at $1.60. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Fidelity National Financial, Inc. Price and EPS Surprise
Some stocks from the finance sector with the perfect mix of elements to surpass estimates in their upcoming quarterly releases are as follows:
National Storage Affiliate Trust (NSA - Free Report) has an Earnings ESP of +1.06% and a Zacks Rank #2. The Zacks Consensus Estimate for the fourth quarter is pegged at 61 cents, indicating an increase of 32.6% from the year-ago reported figure.
National Storage delivered an earnings beat in all the three reported quarters of 2021.
Crescent Capital BDC (CCAP - Free Report) has an Earnings ESP of +1.61% and a Zacks Rank #3. The Zacks Consensus Estimate for the fourth quarter is pegged at 41 cents, indicating a decrease of 12.8% from the year-ago reported figure.
Crescent Capital delivered an earnings beat in one of the three reported quarters of 2021 while missing in two.
Main Street Capital (MAIN - Free Report) has an Earnings ESP of +4.02% and a Zacks Rank #2. The Zacks Consensus Estimate for the fourth quarter is pegged at 66 cents, indicating an increase of 11.9% from the year-ago reported figure.
Main Street Capital delivered an earnings beat in all the three reported quarters of 2021.
Image: Bigstock
Fidelity National (FNF) Q4 Earnings: What's in the Cards?
Fidelity National Financial, Inc. (FNF - Free Report) is slated to report fourth-quarter 2021 results on Feb 23, after market close. The company delivered an earnings surprise in all the three reported quarters of 2021.
Factors to Note
Premiums in the to-be-reported quarter are expected to have increased on higher direct premium, agency premiums as well as escrow, title-related and other fees.
Being the nation’s largest title insurance and settlement services company, Fidelity National has a leading market share in the residential purchase, refinance, and commercial markets.
FNF is likely to have benefited from strong origination demand and continued rebound in commercial real estate activity in a still-low interest rate environment.
Higher order volumes are likely to have aided its commercial performance.
At F&G, Fidelity National is likely to have witnessed higher sales, given expanded distribution channel and enjoyed attractive spreads despite the low interest rate environment. Assets under management is expected to have benefited from solid retail annuity sales and F&G's interest in institutional markets.
The Zacks Consensus Estimate for earnings per share is pegged at $1.60, indicating a decrease of 20.4% from the year-ago reported figure. The consensus estimate for revenues is pegged at $3.3 billion, down indicating a decline of 12.8% from the year-ago reported figure.
Expenses are likely to have increased attributable to higher personnel costs and other expenses.
However, investments in technology, operations and automation are likely to have aided margin.
Quantitative Model Prediction
Our proven model does not conclusively predict an earnings beat for Fidelity National this time around. The stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) for this to happen. This is not the case as you can see below.
Earnings ESP: It has an Earnings ESP of 0.00%. This is because both the Zacks Consensus Estimate and the Most Accurate Estimate is are pegged at $1.60. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Fidelity National Financial, Inc. Price and EPS Surprise
Fidelity National Financial, Inc. price-eps-surprise | Fidelity National Financial, Inc. Quote
Zacks Rank: Fidelity National currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Some stocks from the finance sector with the perfect mix of elements to surpass estimates in their upcoming quarterly releases are as follows:
National Storage Affiliate Trust (NSA - Free Report) has an Earnings ESP of +1.06% and a Zacks Rank #2. The Zacks Consensus Estimate for the fourth quarter is pegged at 61 cents, indicating an increase of 32.6% from the year-ago reported figure.
National Storage delivered an earnings beat in all the three reported quarters of 2021.
Crescent Capital BDC (CCAP - Free Report) has an Earnings ESP of +1.61% and a Zacks Rank #3. The Zacks Consensus Estimate for the fourth quarter is pegged at 41 cents, indicating a decrease of 12.8% from the year-ago reported figure.
Crescent Capital delivered an earnings beat in one of the three reported quarters of 2021 while missing in two.
Main Street Capital (MAIN - Free Report) has an Earnings ESP of +4.02% and a Zacks Rank #2. The Zacks Consensus Estimate for the fourth quarter is pegged at 66 cents, indicating an increase of 11.9% from the year-ago reported figure.
Main Street Capital delivered an earnings beat in all the three reported quarters of 2021.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.