Advantage Solutions Inc reports results for the quarter ended June 30 - Earnings Summary

• Advantage Solutions Inc ADV.OQ reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -25 cents. The mean expectation of three analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 9 cents to 14 cents per share.

• Revenue rose 0% to $873.71 million from a year ago; analysts expected $792.52 million.

• Advantage Solutions Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $30.44 million.

• Advantage Solutions Inc shares had risen by 1.5% this quarter and lost 54.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 21.1% in the last three months.​

• In the last 30 days, there have been no 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 no "sell" or "strong sell." The average consensus recommendation for the advertising & marketing peer group is "buy."

• Wall Street's median 12-month price target for Advantage Solutions Inc is $2.50, about 46.4% above its last closing price of $1.34

This summary was machine generated from LSEG data August 7 at 06:43 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)