Q3 EPS Forecast for Fairfax Financial Lifted by Analyst

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) – Research analysts at National Bank Financial increased their Q3 2024 EPS estimates for shares of Fairfax Financial in a research report issued to clients and investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings per share of $34.06 for the quarter, up from their prior forecast of $30.54. The consensus estimate for Fairfax Financial’s current full-year earnings is $149.57 per share. National Bank Financial also issued estimates for Fairfax Financial’s Q4 2024 earnings at $49.25 EPS.

Fairfax Financial (OTCMKTS:FRFHF) last issued its earnings results on Thursday, August 1st. The financial services provider reported $37.18 earnings per share (EPS) for the quarter. Fairfax Financial had a net margin of 14.01% and a return on equity of 15.83%. The firm had revenue of $7.49 billion during the quarter.

Fairfax Financial Stock Up 8.4 %

Shares of FRFHF opened at $1,350.00 on Friday. The company has a market capitalization of $31.35 billion, a price-to-earnings ratio of 8.28 and a beta of 0.78. Fairfax Financial has a 52 week low of $838.11 and a 52 week high of $1,350.00. The stock’s 50-day moving average price is $1,237.02 and its 200-day moving average price is $1,163.59. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.42.

About Fairfax Financial

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.