Fidelity National Plummets to Decade Low After Guidance Slash

The company now projects adjusted earnings between $5.82 and $5.89 per share, a significant retreat from the $6.15 to $6.24 range issued in August. Revenue targets were likewise reduced to a ceiling of $13.505 billion, falling short of the $13.66 billion consensus estimate held by Wall Street analysts surveyed by FactSet.

Alongside the financial recalibration, leadership instability adds pressure to the stock. Kehoe, who held the finance chief role since August 2023, exits this week. Alexandra Brooks, currently serving as executive vice president and chief accounting officer, assumes the role on an interim basis while the company initiates a search for a permanent successor.