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

Alignment Healthcare

02/05/2024 22:59

* Alignment Healthcare Inc  ALHC.OQ  reported a quarterly
adjusted
loss of 25 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of -20 cents.  The mean expectation of twelve analysts for
the quarter was for a loss of 22 cents per share. Wall Street
expected results to range from -26 cents to -14 cents per share.
    * Revenue rose 43.1% to $628.60 million from a year ago;
analysts
expected $595.12 million. 
    * Alignment Healthcare Inc's reported EPS for the quarter
was a
loss of 25 cents​.
    * The company reported a quarterly loss of $46.52 million.
    * Alignment Healthcare Inc shares had risen by 5.2% this
quarter and lost 39.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 51.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"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 $8.25 
This summary was machine generated from LSEG data May 2 at 09:59
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
 Mar. 31 2024      -0.22          -0.25          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