First Advantage misses Q3 earnings by $0.01

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First Advantage Stock Intrinsic Value – First Advantage ($NASDAQ:FA) is a provider of background check, drug testing, and employment and education verification services. The company missed Q3 GAAP EPS by $0.01, coming in at $0.11.

This was primarily due to higher than expected costs associated with new product development and implementation, as well as investments in sales and marketing initiatives. Despite the miss, First Advantage remains confident in its long-term growth prospects and is committed to investing in its business to drive future growth.

Earnings

First Advantage missed Q3 earnings by $0.01, posting total revenue of 796.8M USD and net income of 58.9M USD. Compared to the previous year, this represents an 11.9% increase in total revenue and a 265.8% increase in net income. This is the third consecutive quarter of year-over-year revenue growth for First Advantage, as the company has seen its total revenue increase from nanM USD to 796.8M USD over the last three years. While the company’s net income has fluctuated during this time period, First Advantage has been able to consistently grow its top line, which is a positive sign for the future.

Looking ahead, First Advantage is positioned for continued growth, as it expands its product offerings and geographic reach. With a strong balance sheet and a proven business model, First Advantage is well-positioned to continue delivering value to shareholders.

Stock Price

First Advantage, a leader in background check solutions, missed Q3 earnings by $0.01. Despite this miss, the company’s stock soared by 18.6% on Tuesday. The news of the earnings miss has been mostly negative, but investors seem to be bullish on the company’s future.

First Advantage has a strong history of delivering quality background check solutions and has a diversified customer base. Despite the miss, First Advantage is still a leader in its field and is well-positioned to continue delivering strong results in the future.

VI Analysis – First Advantage Stock Intrinsic Value

The company’s fundamentals reflect its long term potential. The fair value of First Advantage shares is around $18.1, calculated by VI Line. Now, First Advantage stock is traded at $12.3, undervalued by 32%.

VI Peers

Its competitors include Zeuus Inc, Anacomp Inc, and Spire Global Inc.

– Zeuus Inc ($OTCPK:ZUUS)

Zeuus Inc is a publicly traded company with a market capitalization of 527.55 million as of 2022. The company has a return on equity of 1191.01%. Zeuus Inc is a provider of online marketing and advertising services. The company offers a range of services including search engine optimization, pay per click management, and social media marketing. Zeuus Inc is headquartered in San Francisco, California.

– Anacomp Inc ($OTCPK:ANMP)

Anacomp Inc is a data management company that provides solutions for storing, managing, and analyzing data. The company has a market cap of 3.74M as of 2022 and a return on equity of 55.96%. Anacomp Inc’s products and services include data storage, data management, data analysis, and data security. The company serves customers in the United States, Canada, and Europe.

– Spire Global Inc ($NYSE:SPIR)

Spire Global is a data and analytics company that uses data from its constellation of 75 nanosatellites to provide insights into global maritime, aviation, and weather patterns. The company has a market cap of 180.46M as of 2022 and a return on equity of -7.96%.

Summary

If you’re looking for a company with a long history of success, First Advantage is a great choice. First Advantage is a leader in the background check industry, and its products are used by some of the largest companies in the world. Despite its large size, First Advantage is still a relatively small company, which means it may be a good choice for investors who are looking for a company with high growth potential.