For its third fiscal quarter (ending September 30), Fidelity National Financial Inc (NYSE: FNF) has reported a 19% increase in E.P.S. from $1.33 a year ago to $1.58 in the current quarter. Relative to the consensus estimate of $1.15, this was a premium of $0.43. For the latest four quarters through September 30, E.P.S. were $2.42 compared to $6.58 a year ago — a decline of -63%.
Recent Price Action
On 11/7/23, Fidelity National Financial Inc (NYSE: FNF) stock rose modestly by 0.4%, closing at $41.97. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 7.4% during the last week.
Current PriceTarget Research Rating
FNF’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Fidelity National Financial has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Fidelity National Financial has a slightly positive Appreciation Score of 61 and a very high Power Rating of 86, triggering the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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