First Advantage (FA) 2025 Conference September 04, 2025 10:50 AM ET Company ParticipantsPeter Christiansen - DirectorSteven Marks - EVP & CFOPeter ChristiansenMorning. My name is Pete Christiansen. I'm on Citi's equity research team covering a number of different areas, info services, business services, in addition to crypto and some LendTech names. Right now, we're excited to showcase First Advantage, certainly an interesting name in the space, dominant market position. And we're joined by Stephen Marks, t ...

Core Viewpoint - First Advantage (FA) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors play a role in this relationship, as they adjust their valuations based on earnings estimates, leading to stock price fluctuations [4]. Business Improvement Indicators - The upgrade in Zacks Rank for First Advantage suggests an improvement in the company's underlying business, which is expected to drive the stock price higher [5][10]. - Over the past three months, the Zacks Consensus Estimate for First Advantage has increased by 3.3%, indicating a positive trend in earnings expectations [8]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7][9]. - First Advantage's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].