HireRight Holdings Corporation Shares Up 20% on Q4 Beat & Outlook
HireRight Holdings Corporation (NYSE:HRT) shares were trading more than 20% higher Tuesday afternoon following the company’s reported Q4 results, with EPS of $0.32 coming in significantly better than the consensus estimate of $0.07. Revenue was $198.5 million, compared to the consensus estimate of $204.98 million.
The company guided full 2022 revenue growth of 10–12%, above its medium-term organic growth algorithm of 8–10%, driven by the single, unified global technology platform integrated with Applicant Tracking Systems, industry-specific proprietary databases, 250+ products portfolio, and an online platform for the self-service market.
Analysts at RBC Capital believe technology transformation will fuel above 15% profitability growth beginning in the second half of 2022, and management’s tone on the pipeline was positive given comprehensive screening and unified global platform.
| Symbol | Price | %chg |
|---|---|---|
| 6098.T | 7697 | 0 |
| VTNY.JK | 177 | 0 |
| 2181.T | 238.9 | 0 |
| SOSS.JK | 458 | 0 |
