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

Alight

01/11/2023 13:33

* Alight Inc  ALIT.N  reported quarterly adjusted earnings
of 14
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 12 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 13 cents per share. Wall Street
expected results to range from 9 cents to 16 cents per share.
    * Revenue rose 8.4% to $813.00 million from a year ago;
analysts
expected $829.00 million. 
    * Alight Inc's reported EPS for the quarter was a loss of 10
cents​.
    * The company reported a quarterly loss of $48 million.
    * Alight Inc shares had fallen by 6.3% this quarter and
lost 20.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
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 7 "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
$12.50 
This summary was machine generated from LSEG data November 1 at
01:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.13           0.14           Beat
 Jun. 30 2023      0.12           0.14           Beat
 Mar. 31 2023      0.12           0.13           Beat
 Dec. 31 2022      0.20           0.20           Met