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

Alignment Healthcare

02/11/2023 23:23

* Alignment Healthcare Inc  ALHC.OQ  reported a quarterly
adjusted
loss of 18 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of -22 cents.  The mean expectation of ten analysts
for the quarter was for a loss of 18 cents per share. Wall
Street expected results to range from -21 cents to -15 cents per
share.
    * Revenue rose 26.7% to $456.71 million from a year ago;
analysts
expected $444.25 million. 
    * Alignment Healthcare Inc's reported EPS for the quarter
was a
loss of 19 cents​.
    * The company reported a quarterly loss of $35.05 million.
    * Alignment Healthcare Inc shares had fallen by 4.0% this
quarter and lost 43.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 31.8%
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 6 "strong buy" or "buy," 4
"hold" and no "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 $10.00 
This summary was machine generated from LSEG data November 2 at
11:23 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -0.30          -0.31          Missed