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First Advantage (FA)
NASDAQ:FA
Holding FA?
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.23Last Year’s EPS
$0.29Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -0.48%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with significant achievements in the acquisition of Sterling and strong financial performance. However, challenges such as base growth decline, lower margin impacts from Sterling, and macroeconomic uncertainties were also highlighted.Company Guidance
During the First Advantage Q3 2024 earnings call, the company provided comprehensive guidance following its $2.2 billion acquisition of Sterling. The combined entity now boasts approximately $1.5 billion in revenue and an adjusted EBITDA of $407 million, with expectations to increase this to $457 million to $477 million after achieving $50 million to $70 million in targeted run-rate synergies within two years. First Advantage maintained its standalone guidance for 2024 while providing new metrics for the combined company, anticipating full-year revenues between $858 million and $918 million and adjusted EBITDA of $250 million to $274 million. The company also outlined its strategy to reduce net leverage, currently at 4.4x, towards 3x within 24 months, aided by the capture of synergies and interest rate cuts, while aiming to maintain a 96% retention rate and capitalize on upsell and cross-sell opportunities.Successful Acquisition of Sterling
First Advantage completed a $2.2 billion acquisition of Sterling, nearly doubling the company in size with combined revenues of approximately $1.5 billion.
Strong Financial Performance
First Advantage delivered strong financial performance with a reported revenue of $199.1 million for Q3, an 8% increase from Q2.
High Retention Rate
The company maintains a robust average retention rate of over 96%.
Significant Cost Synergies
First Advantage aims to deliver $50 million to $70 million in run-rate cost synergies within 24 months, with $10 million already achieved.
Upsell and Cross-Sell Success
Upsell and cross-sell contributed 7% to First Advantage's Q3 growth, with new customer logos adding an additional 3%.
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FA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $18.57 | $18.58 | +0.05% |
| Aug 08, 2024 | $16.45 | $17.17 | +4.38% |
| May 09, 2024 | $16.23 | $16.31 | +0.49% |
| Feb 29, 2024 | $16.84 | $15.66 | -7.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does First Advantage (FA) report earnings?
First Advantage (FA) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is First Advantage (FA) earnings time?
First Advantage (FA) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FA EPS forecast?
FA EPS forecast for the fiscal quarter 2024 (Q4) is $0.23.
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