Why did FNF's Q2 2024 earnings miss forecasts?

Fidelity National Financial (FNF) reported a net income of $508 million for Q4 2024, with an EPS surprise of $0.13. While this news article doesn't provide a detailed breakdown of FNF's financial performance, we can infer the reasons for the earnings miss based on related market analyses. 1. **Residential Mortgage Growth**: Despite the earnings miss, analysts remain optimistic about FNF's future performance due to the potential growth in residential mortgage volumes. This suggests that the earnings miss may be temporary, given the positive long-term outlook. 2. **Commercial Real Estate Market Concerns**: The concerns surrounding the commercial real estate market could have impacted FNF's performance. However, the expectation of increased residential mortgage volumes offers a catalyst for future growth. In summary, FNF's Q2 2024 earnings miss may be attributed to the commercial real estate market concerns, but the potential growth in residential mortgage volumes could provide a positive outlook for future performance.