Alight (ALIT) Expected to Announce Earnings on Tuesday

Key Points

• Alight is expected to report earnings after Tuesday’s market close, with analysts forecasting $0.1232 in EPS and $473.74 million in revenue.
• In its previous quarter, Alight exceeded estimates, reporting $0.91 EPS versus the $0.76 consensus and $511 million in revenue versus expectations of $497.02 million.
• The stock has fallen sharply, trading at $8.62—down 10%—near its 12-month low of $7.93. Analyst sentiment is mixed, with an overall “Hold” rating and a $49.33 consensus price target.

Alight (NYSE:ALIT - Get Free Report) will likely be issuing its results after the market closes on Tuesday, November 3rd. Analysts expect Alight to announce earnings of $0.1232 per share and revenue of $473.74 million for the quarter.

Alight (NYSE:ALIT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.15. Alight had a positive return on equity of 16.05% and a negative net margin of 90.90%. The business had revenue of $511.00 million during the quarter, compared to analysts' expectations of $497.02 million. On average, analysts expect Alight to post $4.92 EPS for the current fiscal year and $5.85 EPS for the next fiscal year.

Alight Trading Down 10.0%

ALIT stock opened at $8.62 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.93. Alight has a 12-month low of $7.93 and a 12-month high of $64.00. The stock has a market cap of $232.36 million, a price-to-earnings ratio of -0.11, a PEG ratio of 0.17 and a beta of 1.69. The business's 50-day moving average is $11.51 and its 200 day moving average is $16.63.

Analyst Upgrades and Downgrades

ALIT has been the topic of several recent research reports. Citigroup reissued a "neutral" rating and set a $16.00 price target (down from $20.00) on shares of Alight in a research report on Thursday, August 20th. Needham & Company LLC restated a "hold" rating on shares of Alight in a research report on Thursday, August 20th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Alight in a research note on Tuesday, August 4th. Finally, DA Davidson decreased their target price on shares of Alight from $32.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday, September 24th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Alight currently has an average rating of "Hold" and a consensus target price of $49.33.

About Alight

Alight, Inc is a cloud-based provider of human capital and business solutions for employers and their employees. The company helps organizations manage employee benefits, payroll, human resources, financial administration and related workforce processes through technology-enabled services.

Its offerings include benefits administration, healthcare and employee wellbeing programs, retirement and financial solutions, payroll services, human resources administration and workforce management tools.

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