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Advantage Solutions Inc reports results for the quarter ended in March - Earnings Summary
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Advantage Solutions Inc reports results for the quarter ended in March - Earnings Summary
  • Advantage Solutions Inc ADV.OQ reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of three analysts for the quarter was for earnings of 8 cents per share.

  • Revenue fell 13.1% to $879.00 million from a year ago; analysts expected $867.52 million.

  • Advantage Solutions Inc's reported EPS for the quarter was a loss of 2 cents​.

  • The company reported a quarterly loss of $5.31 million.

  • Advantage Solutions Inc shares had fallen by 13.6% this quarter and gained 3.3% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts was unchanged in the last three months.​

  • In the last 30 days, there have been earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and "sell" or "strong sell."

  • The average consensus recommendation for the advertising & marketing peer group is also "hold"

Wall Street's median 12-month price target for Advantage Solutions Inc is $4.00

This summary was machine generated from LSEG data May 10 at 04:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Mar. 31 2024

0.08

-0.05

Missed

Dec. 31 2023

0.13

0.14

Beat

Sep. 30 2023

0.13

0.06

Missed

Jun. 30 2023

0.10

0.11

Beat

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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