Stock Analysis
- United States
- /
- Healthcare Services
- /
- NasdaqGS:ALHC
Alignment Healthcare Third Quarter 2024 Earnings: Beats Expectations
Alignment Healthcare (NASDAQ:ALHC) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$692.4m (up 52% from 3Q 2023).
- Net loss: US$26.4m (loss narrowed by 25% from 3Q 2023).
- US$0.14 loss per share (improved from US$0.19 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alignment Healthcare Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.
Performance of the American Healthcare industry.
The company's shares are up 11% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Alignment Healthcare you should be aware of.
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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.
About NasdaqGS:ALHC
Alignment Healthcare
A tech-enabled Medicare advantage company, operates consumer-centric health care platform for seniors in the United States.