First Advantage Reaffirms 2024 Guidance: Revenues Of $750M-$800M Vs. $779.932M Consensus, Sees Adjusted EPS $0.88-$0.98 Vs. $0.95 Consensus
Portfolio Pulse from Benzinga Newsdesk
First Advantage has reaffirmed its full-year 2024 guidance, projecting revenues between $750M-$800M, which aligns with the consensus estimate of $779.932M. The company also expects adjusted EPS to range from $0.88 to $0.98, closely matching the consensus estimate of $0.95. Additionally, First Advantage anticipates adjusted EBITDA between $228M-$248M and adjusted net income of $127M-$142M.

May 09, 2024 | 10:26 am
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First Advantage reaffirms its 2024 financial guidance, with revenue and adjusted EPS estimates closely aligning with consensus expectations.
Reaffirming guidance often stabilizes or positively influences investor sentiment, as it indicates management's confidence in the company's future performance. The alignment of First Advantage's projections with consensus estimates suggests that the company is on track to meet market expectations, which could bolster investor confidence and potentially lead to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100