First Advantage Reiterates 2023 Guidance Ranges, Expecting Results At The Low End Of Ranges Of $770M-$810M Revenues, $1.00-$1.07 Adj EPS
Portfolio Pulse from Benzinga Newsdesk
First Advantage has reiterated its 2023 guidance ranges, expecting results at the low end of ranges of $770M-$810M revenues and $1.00-$1.07 adjusted EPS. This is based on the current hiring environment and expectations that existing macroeconomic conditions and similar labor market trends will continue through the end of fiscal year 2023.
November 09, 2023 | 11:13 am
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First Advantage expects 2023 results at the lower end of its guidance ranges, reflecting current macroeconomic conditions and labor market trends.
First Advantage's reiteration of its 2023 guidance ranges, albeit at the lower end, indicates that the company is not expecting significant growth or decline in its revenues and earnings. This is likely due to the current macroeconomic conditions and labor market trends, which are expected to continue through the end of fiscal year 2023. As such, the impact on the company's stock price is likely to be neutral in the short term.
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