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First Advantage (FA) Beats Q3 Earnings Estimates
ZACKS· 2024-11-12 14:10
First Advantage (FA) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4%. A quarter ago, it was expected that this provider of background screening services would post earnings of $0.21 per share when it actually produced earnings of $0.21, delivering no surprise.Over the last four qua ...
First Advantage(FA) - 2024 Q3 - Earnings Call Presentation
2024-11-12 13:45
Z FirstAdvantage Q3 2024 Earnings Presentation November 12, 2024 FORWARD - LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, our operations and financial performance. Forward-looking statements include all statements that are not historical facts. These forward-looking statements relate to matters such as our indu ...
First Advantage(FA) - 2024 Q3 - Quarterly Results
2024-11-12 11:30
Exhibit 99-1 First Advantage Reports Third Quarter 2024 Results Completed Acquisition of Sterling on October 31; Maintains Standalone Full-Year 2024 Guidance and Issues Combined Company Guidance including Sterling Third Quarter 2024 Highlights 1 • Revenues of $199.1 million • Net Loss of $(8.9) million, a net loss margin of (4.4)%, includes $13.2 million of expenses incurred related to the acquisition of Sterling Check Corp. ("Sterling") • Adjusted Net Income of $38.0 million • Adjusted EBITDA of $64.0 mill ...
First Advantage Reports Third Quarter 2024 Results
GlobeNewswire News Room· 2024-11-12 11:30
Third Quarter 2024 Highlights1 Revenues of $199.1 millionNet Loss of $(8.9) million, a net loss margin of (4.4)%, includes $13.2 million of expenses incurred related to the acquisition of Sterling Check Corp. (“Sterling”)Adjusted Net Income of $38.0 millionAdjusted EBITDA of $64.0 million; Adjusted EBITDA Margin of 32.2%GAAP Diluted Net Loss Per Share of $(0.06), includes $0.07 per share of expenses incurred related to the Sterling acquisitionAdjusted Diluted Earnings Per Share of $0.26Cash Flows from Opera ...
Strength Seen in First Advantage (FA): Can Its 6.7% Jump Turn into More Strength?
ZACKS· 2024-11-07 16:05
First Advantage (FA) shares ended the last trading session 6.7% higher at $18.45. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 12.4% loss over the past four weeks.The stock price has increased as the company improves from investments in products and geographies to strengthen its business, including highly automating its technology.This provider of background screening services is expected to post quarterly earni ...
First Advantage Completes Acquisition of Sterling Check for $2.2 Billion
GlobeNewswire News Room· 2024-10-31 12:55
Strengthens First Advantage’s global reachExtends First Advantage’s high-quality and cost-effective background screening, identity, and verification technology solutions for the benefit of both companies’ customers across industry verticals and geographiesEnables increased investment in Artificial Intelligence and next-generation Digital Identification technologies for enhanced customer and applicant experience ATLANTA, Oct. 31, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading glo ...
First Advantage to Release Third Quarter 2024 Financial Results and Hold Investor Conference Call on November 12, 2024
GlobeNewswire News Room· 2024-10-22 20:05
ATLANTA, Oct. 22, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, will issue its third quarter 2024 financial results on Tuesday, November 12, 2024 prior to the Company’s earnings conference call, which will be held at 8:30 a.m. ET on the same day. Conference Call Details To participate in the conference call, please dial 800-445-7795 (domestic) or 785-424-1699 (international) approximately ten mi ...
First Advantage and Sterling Announce Election Deadline for Sterling Stockholders to Elect Merger Consideration
GlobeNewswire News Room· 2024-10-21 20:30
ATLANTA and INDEPENDENCE, Ohio, Oct. 21, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA) and Sterling Check Corp. (NASDAQ:STER) today announced that the deadline for (i) record holders of vested shares of Sterling common stock and (ii) eligible holders of Sterling common stock equivalents (Sterling common stock equivalents is defined as “Company Common Stock Equivalents” in the Merger Agreement (as defined below)) and unvested shares of Sterling common stock to elect the form of merger cons ...
Is the Options Market Predicting a Spike in First Advantage (FA) Stock?
ZACKS· 2024-09-17 13:50
Investors in First Advantage Corporation (FA) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $15.00 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It ...
First Advantage Announces Promotion of Joelle Smith to President, First Advantage
GlobeNewswire News Room· 2024-09-11 20:15
ATLANTA, Sept. 11, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, today announced the promotion of Joelle Smith to President, First Advantage, effective Sept. 16, 2024. Previously serving as President, Data, Technology, and Experience, Smith has been instrumental in driving First Advantage's technology vision and growth. In her new role, Smith will continue to strategically lead the product, data ...