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

Alignment Healthcare

03/08/2023 22:50

* Alignment Healthcare Inc  ALHC.OQ  reported a quarterly
adjusted
loss of 15 cents​​ per share for the quarter ended in June. The
mean expectation of ten analysts for the quarter was for a loss
of 22 cents per share.
    * Revenue rose 26.2% to $462.38 million from a year ago;
analysts
expected $439.03 million. 
    * Alignment Healthcare Inc's reported EPS for the quarter
was a
loss of 15 cents​.
    * The mean earnings estimate of analysts had fallen by
about 77.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Alignment Healthcare Inc shares had risen by 4.3% this
quarter and lost 49.0% so far this year.
    * The company reported a quarterly loss of $28.48 million.
    * Wall Street's median 12-month price target for Alignment
Healthcare Inc is $10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 09:50 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.22          -0.15          Beat
 Mar. 31 2023      -0.25          -0.20          Beat
 Dec. 31 2022      -0.30          -0.31          Missed
 Sep. 30 2022      -0.25          -0.22          Beat