FNF Group (FNF) Gains But Lags Market: What You Should Know

This story originally appeared on Zacks

In the last trading session, FNF Group (FNF) closed at $55.87, recording a move of +0.02% from the day before. This change delayed the S&P 500’s gains by 0.08% on the day. Meanwhile, the Dow Jones lost 0.56%, and the tech-heavy Nasdaq lost 0.42%.

– Zacks

Prior to today’s trading, shares of the insurance and mortgage services provider are up 9.68% over the past month. This outpaced the finance sector’s gain of 5.73% and the S&P 500’s gain of 0.22% in that time.

Wall Street will be looking for positivity from the FNF group as it approaches the date of its next earnings report. The company is expected to report earnings per share of $1.51, down 24.88% from the previous quarter. Our latest consensus estimate calls for quarterly revenue of $3.29 billion, down 12.76% from the same period last year.

It is also important to note recent changes in analyst estimates for the FNF Group. These reviews help show the ever-changing nature of near-term business trends. With this in mind, we can take the positive rating reviews as a sign of optimism about the company’s business outlook.

Our research shows that these discretionary changes are directly correlated with near-term stock prices. We developed Zacks Rank to take advantage of this phenomenon. Our system takes these discretionary changes into account and provides a clear and actionable rating model.

Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank system has a proven and externally audited track record of outperforming, with the #1 stock returning an average of +25% annually since 1988. In the past 30 days, it has remained The unanimous EPS drop is stagnant. FNF Group is currently ranked #1 Zacks (strong buy).

In terms of valuation, FNF Group is currently trading at a forward P/E ratio of 9.47. This rating represents a discount compared to the industry’s forward P/E average of 14.01.

Insurance sector – property and casualty is part of the financial sector. The industry currently has a Zacks Industry 104 rating, placing it in the top 41% of all 250+ industries.

Zacks Industry Ranks are listed in order from best to worst in terms of the average Zacks rating of individual companies in each of these sectors. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

To follow FNF in upcoming trading sessions, be sure to use Zacks.com.

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