Alight Inc reports results for the quarter ended September 30 - Earnings Summary

Alight

12/11/2024 19:26

* Alight Inc  ALIT.N  reported quarterly adjusted earnings
of 9
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 14
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 9 cents per share. Wall Street expected
results to range from 7 cents to 13 cents per share.
    * Revenue fell 31.7% to $555.00 million from a year ago;
analysts
expected $539.69 million. 
    * Alight Inc's reported EPS for the quarter was a loss of 14
cents​.
    * The company reported a quarterly loss of $74 million.
    * Alight Inc shares had risen by 0.8% this quarter and
lost 12.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.4%
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 "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"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
$11.00 
This summary was machine generated from LSEG data November 12 at
07:25 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
 Sep. 30 2024      0.09           0.09           Met
 Jun. 30 2024      0.11           0.11           Met
 Mar. 31 2024      0.12           0.13           Beat
 Dec. 31 2023      0.26           0.30           Beat