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

Alignment Healthcare

01/08/2024 22:53

* Alignment Healthcare Inc  ALHC.OQ  reported a quarterly
adjusted
loss of 13 cents​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of -15 cents.  The mean expectation of
twelve analysts for the quarter was for a loss of 14 cents per
share. Wall Street expected results to range from -16 cents
to -11 cents per share.
    * Revenue rose 47.3% to $681.29 million from a year ago;
analysts
expected $637.65 million. 
    * Alignment Healthcare Inc's reported EPS for the quarter
was a
loss of 13 cents​.
    * The company reported a quarterly loss of $24.01 million.
    * Alignment Healthcare Inc shares had risen by 11.8% this
quarter and gained 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 29%
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 8 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the managed
healthcare
peer group is also "buy"

Wall Street's median 12-month price target for Alignment
Healthcare Inc is $8.50 
This summary was machine generated from LSEG data August 1 at
09:52 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
 Jun. 30 2024      -0.14          -0.13          Beat
 Mar. 31 2024      -0.22          -0.25          Missed
 Dec. 31 2023      -0.22          -0.25          Missed
 Sep. 30 2023      -0.18          -0.18          Met