1st Advantage reports Q2 EPS of $0.21, meeting analyst expectations, but revenue falls short.
First Advantage reported Q2 earnings meeting analysts' expectations of $0.21 EPS, but revenue fell slightly short at $184.55M. Q2 revenue decreased 0.4% YoY, and EPS dropped from $0.24 in Q2 2021. The company updated its FY2024 guidance to $0.88 to $0.98 EPS. Insider selling in recent months included shares sold by director James Lindsey Clark and insider Joseph K. Jaeger. Several brokerages have weighed in on FA, with William Blair setting an "outperform" rating, Needham & Company LLC reissuing a "hold" rating, and Truist Financial reducing their price objective to $249.00 and maintaining a "buy" rating.
August 11, 2024
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