Alight Inc reports results for the quarter ended in June - Earnings Summary

Alight

06/08/2024 21:19

* Alight Inc  ALIT.N  reported quarterly adjusted earnings
of 11
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 14
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 11 cents per share. Wall Street expected
results to range from 8 cents to 13 cents per share.
    * Revenue fell 33.3% to $538.00 million from a year ago;
analysts
expected $790.22 million. 
    * Alight Inc's reported EPS for the quarter was 4 cents​.
    * The company reported quarterly net income of $23 million.
    * Alight Inc shares had fallen by 6.5% this quarter and
lost 19.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Alight Inc is
$12.00 
This summary was machine generated from LSEG data August 6 at
08:19 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.11           0.11           Met
 Mar. 31 2024      0.12           0.13           Beat
 Dec. 31 2023      0.26           0.30           Beat
 Sep. 30 2023      0.13           0.14           Beat