First Advantage Q1 2024 Adj EPS $0.17, Inline, Sales $169.416M Miss $169.982M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Advantage (NASDAQ:FA) reported Q1 2024 earnings of $0.17 per share, meeting consensus estimates but marking a 10.53% decrease from the previous year. Sales were $169.416M, missing estimates by 0.33% and showing a 3.48% decrease year-over-year.

May 09, 2024 | 10:10 am
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First Advantage reported Q1 2024 earnings per share of $0.17, in line with estimates but down from last year, and sales of $169.416M, missing estimates slightly.
The reported earnings per share met analyst expectations, which typically stabilizes investor confidence. However, the year-over-year decrease in both earnings and sales, along with missing sales estimates, could lead to negative short-term sentiment among investors. The slight miss in sales estimates and the decrease in earnings and sales from the previous year are likely to be viewed negatively, potentially putting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100