Stock Analysis

Alight Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

NYSE:ALIT
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Alight (NYSE:ALIT) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$555.0m (down 32% from 3Q 2023).
  • Net loss: US$44.0m (loss narrowed by 8.3% from 3Q 2023).
  • US$0.08 loss per share (improved from US$0.097 loss in 3Q 2023).
earnings-and-revenue-history
NYSE:ALIT Earnings and Revenue History November 14th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alight Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 17%.

Looking ahead, revenue is expected to decline by 9.7% p.a. on average during the next 3 years, while revenues in the Professional Services industry in the US are expected to grow by 5.8%.

Performance of the American Professional Services industry.

The company's shares are up 12% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Alight's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.