First Advantage Provides 2024 Standalone Guidance: Revenues Of $750M-$800M (Est $821.642M), Adjusted EPS $0.88-$0.98 (Est $1.08)
Portfolio Pulse from Benzinga Newsdesk
First Advantage has issued its standalone guidance for 2024, projecting revenues between $750M-$800M, which is below the estimated $821.642M. The company also forecasts an adjusted EPS of $0.88-$0.98, lower than the estimated $1.08.
February 29, 2024 | 11:18 am
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NEGATIVE IMPACT
First Advantage's 2024 guidance indicates lower-than-expected revenues and adjusted EPS, suggesting potential short-term negative impact on its stock price.
The company's guidance for 2024 falls short of analysts' expectations in both revenue and adjusted EPS, which can lead to negative investor sentiment and potentially lower the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100