Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

APi Group beats Q3 revenue estimates on inspection, service demand, raises FY outlook

By Reuters News


Overview

  • US safety and specialty services firm's Q3 revenue rose 22.5%, beating analyst expectations

  • Adjusted EPS for Q3 increased 22% to $0.50, beating analyst expectations

  • Company raised full-year 2026 revenue and adjusted EBITDA guidance


Outlook

  • APi raises 2026 net revenue guidance to $9.2-$9.25 bln from $8.88-$9.03 bln

  • Company lifts 2026 adjusted EBITDA outlook to $1.24-$1.26 bln from $1.21-$1.25 bln

  • APi expects 2026 adjusted free cash flow conversion of 110% based on adjusted net income


Result Drivers

  • INSPECTION, SERVICE, MONITORING DEMAND - Co said strong demand across inspection, service, and monitoring businesses drove Q3 revenue growth

  • PROJECT ACTIVITY - Robust growth in project revenues contributed to overall revenue increase, per CEO Russ Becker

  • PRICING IMPROVEMENTS - Co attributed part of revenue growth to pricing improvements in both segments


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$2.55 bln

$2.40 bln (12 Analysts)

Q3 Adjusted EPS

Beat

$0.50

$0.47 (12 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 12 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the construction & engineering peer group is "buy."

  • Wall Street's median 12-month price target for APi Group Corporation is $53.00, about 28.2% above its October 28 closing price of $41.34

  • The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago


Reuters Recommended Reads

  • Oct 29 - Quanta Services Q3 revenue beats on broadening demand; raises 2026 outlook

  • Oct 28 - MYR Group Q3 revenue rises on C&I segment strength

  • Oct 27 - Illinois Tool Works Inc beats Q3 EPS estimates, raises 2026 outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.