Alignment Healthcare Inc expected to post a loss of 14 cents a share - Earnings Preview

Alignment Healthcare

30/07/2024 21:40

* Alignment Healthcare Inc  ALHC.OQ   ALHC.O  is expected
to show
a rise in quarterly revenue when it reports  results on August 1
for the period ending June 30 2024
    * The Orange California-based  company is expected to report
a
37.9% increase in revenue to $637.649 million from $462.38
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data.The company's guidance on May 2
2024, for the period ended June 30, was for revenue between
$625.00 million and $635.00 million.
    * ​LSEG's mean analyst estimate for Alignment Healthcare Inc
is
for a loss of 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Alignment
Healthcare Inc is $8.50​, below​ its last closing price
of $8.56. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 625 million and 6 million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -0.23       -0.22      -0.25     Missed  -12.2
 Dec. 31 0001  -0.22       -0.22      -0.25     Missed  -12.5
 Sep. 30 2023  -0.18       -0.18      -0.18     Met     1.4​
 Jun. 30 2023  -0.21       -0.22      -0.15     Beat    31.4
 ​​Mar.        -0.26       -0.25      -0.20     Beat    21.4
 31 2023                                                
 Dec. 31 2022  -0.30       -0.30      -0.31     Missed  -4.3​
 Sep. 30 2022  -0.24       -0.25      -0.22     Beat    10.5
 Jun. 30 2022  -0.26       -0.26      -0.06     Beat    76.7
 This summary was machine generated July 30 at 20:40 GMT.  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)