Advantage Solutions Inc (ADV, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $851.63 million, and the earnings are expected to come in at -$0.05 per share. The full year 2024's revenue is expected to be $3.43 billion and the earnings are expected to be -$0.15 per share. More detailed estimate data can be found on the Forecast page.
Advantage Solutions Inc (ADV, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Advantage Solutions Inc (ADV) have seen a decrease, with the full year 2024 estimate declining from $3.74 billion to $3.43 billion, and the 2025 estimate from $3.84 billion to $3.51 billion. During the same period, earnings estimates have shown mixed trends; for the full year 2024, estimates improved from -$0.25 per share to -$0.15 per share, whereas for 2025, they worsened from -$0.08 per share to -$0.12 per share.
Advantage Solutions Inc (ADV, Financial) Reported History
In the previous quarter of 2024-06-30, Advantage Solutions Inc's (ADV) actual revenue was $873.36 million, which beat analysts' revenue expectations of $753.15 million by 15.96%. Advantage Solutions Inc's (ADV) actual earnings were -$0.31 per share, which missed analysts' earnings expectations of -$0.14 per share by -121.43%. After releasing the results, Advantage Solutions Inc (ADV) was up by 4.29% in one day.
Advantage Solutions Inc (ADV, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 3 analysts, the average target price for Advantage Solutions Inc (ADV) is $4.50 with a high estimate of $5.50 and a low estimate of $4.00. The average target implies an upside of 37.61% from the current price of $3.27.
Based on GuruFocus estimates, the estimated GF Value for Advantage Solutions Inc (ADV, Financial) in one year is $3.16, suggesting a downside of -3.36% from the current price of $3.27.
Based on the consensus recommendation from 3 brokerage firms, Advantage Solutions Inc's (ADV, Financial) average brokerage recommendation is currently 2.7, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
