First Advantage Q4 2023 Adj EPS $0.29 Misses $0.30 Estimate, Sales $202.56M Miss $211.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Advantage (NASDAQ:FA) reported Q4 2023 earnings of $0.29 per share, missing the consensus estimate of $0.30. Quarterly sales were $202.56M, below the $211.07M estimate, marking a 4.72% decrease from the previous year.
February 29, 2024 | 11:04 am
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NEGATIVE IMPACT
First Advantage reported lower-than-expected Q4 2023 earnings and sales, missing both EPS and revenue estimates.
Missing both earnings per share and revenue estimates, especially with a significant year-over-year sales decrease, typically leads to negative investor sentiment and could result in a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100