First Advantage Q2 Adj EPS $0.24 Beats $0.23 Estimate, Sales $185.31M Beat $183.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Advantage reported Q2 adjusted earnings of $0.24 per share, beating the analyst consensus estimate of $0.23 by 4.35%. However, this is a 4% decrease from the same period last year. The company also reported quarterly sales of $185.31 million, beating the estimate of $183.73 million by 0.86%, but this is an 8.06% decrease from the same period last year.
August 09, 2023 | 10:01 am
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NEUTRAL IMPACT
First Advantage's Q2 earnings and sales beat estimates but are down from the same period last year.
While First Advantage beat Q2 earnings and sales estimates, the year-on-year decreases could potentially concern investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100