Advantage Solutions First Quarter 2024 Earnings: Beats Expectations

May 10, 2024

Simply Wall St

Advantage Solutions (NASDAQ:ADV) First Quarter 2024 Results

Key Financial Results

Revenue: US$879.0m (down 13% from 1Q 2023).
Net loss: US$51.3m (loss widened by 7.8% from 1Q 2023).
US$0.16 loss per share (further deteriorated from US$0.15 loss in 1Q 2023).

earnings-and-revenue-growth — NasdaqGS:ADV Earnings and Revenue Growth May 10th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Advantage Solutions Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 80%.

Looking ahead, revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Media industry in the US are expected to grow by 3.2%.

Performance of the American Media industry.

The company's shares are down 18% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Advantage Solutions you should know about.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

mitchell_lawler

Micron (MU) is booming, and it still doesn't look ‘expensive’ based on next year's earnings. So why does our own valuation say it could be worth 40% less?

1710

zoe_vi5fn1d

A low price to earnings ratio at the top of the cycle is a warning rather than a bargain, and a terrifyingly high one at the bottom is often the entry point

darius_xnnrd1d

Memory used to have a dozen participants racing each other into oversupply, and now it has three. High bandwidth memory is qualified into customer designs years ahead, sold under long-term agreements, and is far harder to switch away from than commodity DRAM.

About NasdaqGS:ADV

Advantage Solutions

Provides outsourced sales, marketing, merchandising, sampling, and retailer support services to consumer packaged goods manufacturers and retailers in North America, Asia Pacific, and Europe.

See The Free Research Report

Good value with mediocre balance sheet.

See The Free Research Report