Alignment Healthcare Inc reports results for the quarter ended in December - Earnings Summary

Alignment Healthcare

27/02/2024 23:25

* Alignment Healthcare Inc  ALHC.OQ  reported a quarterly
adjusted
loss of 25 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -31 cents.  The mean expectation of
eleven analysts for the quarter was for a loss of 22 cents per
share. Wall Street expected results to range from -25 cents
to -19 cents per share.
    * Revenue rose 28.6% to $465.39 million from a year ago;
analysts
expected $444.60 million. 
    * Alignment Healthcare Inc's reported EPS for the quarter
was a
loss of 25 cents​.
    * The company reported a quarterly loss of $47.21 million.
    * Alignment Healthcare Inc shares had fallen by 27.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
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," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Alignment
Healthcare Inc is $10.00 

This summary was machine generated from LSEG data February 27 at
11:25 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
 Dec. 31 2023      -0.22          -0.25          Missed
 Sep. 30 2023      -0.18          -0.18          Met
 Jun. 30 2023      -0.22          -0.15          Beat
 Mar. 31 2023      -0.25          -0.20          Beat