Alignment Healthcare Inc expected to post a loss of 22 cents a share - Earnings Preview

Alignment Healthcare

24/02/2024 03:08

* Alignment Healthcare Inc  ALHC.OQ   ALHC.O  is expected
to show
a rise in quarterly revenue when it reports  results on February
27 for the period ending December 31 2023
    * The Orange California-based  company is expected to report
a
22.9% increase in revenue to $444.602 million from $361.81
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data.The company's guidance on November
2 2023, for the period ended December 31, was for revenue
between $422.00 million and $442.00 million.
    * ​LSEG's mean analyst estimate for Alignment Healthcare Inc
is
for a loss of 22 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Alignment
Healthcare Inc is $10.00​, above​ its last closing price
of $6.28. ​​​

The company's guidance on November 2 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 422 million and -10
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  
 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. 31 2023  -0.26       -0.25      -0.20     Beat    21.4​
 Dec. 31 2022  -0.30       -0.30      -0.31     Missed  -4.3
 ​​Sep.        -0.24       -0.25      -0.22     Beat    10.5
 30 2022                                                
 Jun. 30 2022  -0.26       -0.26      -0.06     Beat    76.7​
 Mar. 31 2022  -0.25       -0.25      -0.23     Beat    6.5
 Dec. 31 2021  -0.31       -0.30      -0.27     Beat    9.6
 This summary was machine generated February 24 at 03:08 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)