Fidelity National Financial Earnings Preview: Can This Streak Continue?

Fidelity National Financial (NYSE:FNF) will report earnings after markets close on Wednesday, May 1st. Fidelity National Financial, Inc. provides title insurance and escrow and other title-related products and services arising from the real estate closing process. The Company’s operations are conducted on a direct basis through its own employees who act as title and escrow agents and through independent agents.

Here is your Cheat Sheet to Fidelity National Financial Earnings:

Earnings Expectations: Analysts expect earnings of $0.40 per share on revenues of $2.00 billion. Currently, the company’s P/E ratio stands at 9.98.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.61 to a profit $0.58. For the current year, the average estimate is a profit of $1.9, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Fidelity National Financial has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 4,251 5,828 5,413 4,840 7,202
Diluted EPS ($) -0.85 0.97 1.61 1.66 2.68

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 1,273 1,190 1,737 2,040 2,235
Diluted EPS ($) 0.7818 0.33 0.65 1.03 0.6620

Past Performance:
Fidelity National Financial has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)