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FNF Group (FNF) Dips More Than Broader Markets: What You Should Know
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FNF Group (FNF - Free Report) closed the most recent trading day at $45.58, moving -1.79% from the previous trading session. This change lagged the S&P 500's daily loss of 1.26%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Heading into today, shares of the provider of title insurance and mortgage services had gained 3.36% over the past month, lagging the Finance sector's gain of 3.84% and the S&P 500's gain of 6.07% in that time.
FNF Group will be looking to display strength as it nears its next earnings release. In that report, analysts expect FNF Group to post earnings of $1.30 per share. This would mark a year-over-year decline of 16.67%. Our most recent consensus estimate is calling for quarterly revenue of $2.96 billion, down 4.61% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.28 per share and revenue of $13.16 billion, which would represent changes of -20.51% and -15.9%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for FNF Group. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.37% higher. FNF Group is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note FNF Group's current valuation metrics, including its Forward P/E ratio of 7.39. For comparison, its industry has an average Forward P/E of 14.38, which means FNF Group is trading at a discount to the group.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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FNF Group (FNF) Dips More Than Broader Markets: What You Should Know
FNF Group (FNF - Free Report) closed the most recent trading day at $45.58, moving -1.79% from the previous trading session. This change lagged the S&P 500's daily loss of 1.26%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Heading into today, shares of the provider of title insurance and mortgage services had gained 3.36% over the past month, lagging the Finance sector's gain of 3.84% and the S&P 500's gain of 6.07% in that time.
FNF Group will be looking to display strength as it nears its next earnings release. In that report, analysts expect FNF Group to post earnings of $1.30 per share. This would mark a year-over-year decline of 16.67%. Our most recent consensus estimate is calling for quarterly revenue of $2.96 billion, down 4.61% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.28 per share and revenue of $13.16 billion, which would represent changes of -20.51% and -15.9%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for FNF Group. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.37% higher. FNF Group is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note FNF Group's current valuation metrics, including its Forward P/E ratio of 7.39. For comparison, its industry has an average Forward P/E of 14.38, which means FNF Group is trading at a discount to the group.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.