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ALHC — Alignment Healthcare News Story

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Alignment Healthcare Q3 revenue beats estimates on growth in health plan membership

Overview

Alignment Healthcare Q3 revenue grows 43.5% yr/yr, beating analyst expectations

Company raises full-year outlook across all key metrics

Outlook

Alignment Healthcare sees full-year revenue outlook to $3.931 bln - $3.946 bln

Company expects Q4 revenue between $995 mln and $1.010 bln

Alignment Healthcare forecasts full-year adjusted EBITDA of $90 mln to $98 mln

Result Drivers

MEMBERSHIP GROWTH - Health plan membership increased by 25.9% yr/yr, contributing to revenue growth

HIGH PLAN RATINGS - 100% of members in plans rated 4 stars or higher for second consecutive year

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$993.70 mln$981.35 mln (11 Analysts)
Q3 EPS$0.02
Q3 Net Income$3.72 mln
Q3 Adjusted EBITDA$32.43 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell" The average consensus recommendation for the managed healthcare peer group is "buy" Wall Street's median 12-month price target for Alignment Healthcare Inc is $20.00, about 8.9% above its October 29 closing price of $18.21 Press Release: ID:nGNX162tVk For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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