NASDAQ$FA
First Advantage Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported revenues of $185.3 million and net income of $9.8 million.
First Advantage reported second quarter results with revenues of $185.3 million and net income of $9.8 million. The company reaffirmed its full-year 2023 guidance, but expects results at the lower end of the guidance ranges due to macroeconomic headwinds.
- Generated Revenues of $185.3 million; Constant Currency Revenues were $186.4 million
- Delivered Net Income of $9.8 million; Adjusted Net Income was $34.8 million
- Produced Adjusted EBITDA of $56.0 million; Constant Currency Adjusted EBITDA was $56.1 million
- Realized GAAP diluted net income per share of $0.07; Adjusted Diluted Earnings Per Share was $0.24
Headline financials
Revenue & EPS history
First Advantage · Revenue · Quarterly
$185M
Forward guidance
The Company is reaffirming its previous full-year 2023 guidance ranges, expecting results at the lower end of the guidance ranges. This reflects the current hiring environment and expectations that existing macroeconomic conditions and similar labor market trends will continue through the remainder of 2023 without significant changes.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+7.9%
Avg return
Earnings day
+6.8%
Avg return
5 days after
+7.3%
Avg return
30 days after
76%
19 / 25 earnings
Positive
+23.0%
Q1 2026
Best reaction
-12.4%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +23.0% | +21.3% | +24.1% | |
| Q4 2025 | +22.8% | +24.3% | +17.1% | |
| Q3 2025 | +6.8% | +2.8% | +7.0% | |
| Q1 2025 | +19.0% | +19.1% | +21.4% | |
| Q4 2024 | -12.4% | -25.7% | -25.0% | |
| Q3 2024 | -3.0% | -5.8% | +5.2% | |
| Q2 2024 | +3.2% | +5.0% | +15.1% | |
| Q1 2024 | -1.5% | -0.7% | +1.4% | |
| Q4 2023 | -6.1% | -4.6% | -3.7% | |
| Q3 2023 | +2.2% | +5.2% | +17.4% | |
| Q2 2023 | +6.4% | +7.1% | -8.3% | |
| Q1 2023 | +0.2% | +4.8% | +9.5% | |
| Q4 2022 | +1.4% | +2.7% | +4.1% | |
| Q3 2022 | +11.6% | +18.4% | +29.3% | |
| Q2 2022 | -2.8% | +2.5% | -3.0% | |
| Q1 2022 | -5.4% | -1.9% | -9.4% | |
| Q4 2019 | +10.4% | +11.0% | +1.2% | |
| Q4 2021 | +10.4% | +11.0% | +1.2% | |
| Q3 2021 | +3.3% | -4.9% | -15.2% | |
| Q3 2020 | +3.3% | -4.9% | -15.2% | |
| Q4 2020 | +20.9% | +16.5% | +21.9% | |
| Q1 2021 | +20.9% | +16.5% | +21.9% | |
| Q2 2020 | +20.9% | +16.5% | +21.9% | |
| Q2 2021 | +20.9% | +16.5% | +21.9% | |
| Q1 2020 | +20.9% | +16.5% | +21.9% |
Discussion
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