Examining the Future: Alignment Healthcare's Earnings Outlook

Alignment Healthcare (NASDAQ:ALHC) is set to give its latest quarterly earnings report on Tuesday, 2024-10-29. Here's what investors need to know before the announcement.

Analysts estimate that Alignment Healthcare will report an earnings per share (EPS) of $-0.14.

The market awaits Alignment Healthcare's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Earnings Track Record

In the previous earnings release, the company beat EPS by $0.01, leading to a 3.71% increase in the share price the following trading session.

Here's a look at Alignment Healthcare's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.14

-0.22

-0.22

-0.18

EPS Actual

-0.13

-0.25

-0.25

-0.19

Price Change %

4.0%

26.0%

-18.0%

-5.0%

Stock Performance

Shares of Alignment Healthcare were trading at $11.04 as of October 25. Over the last 52-week period, shares are up 65.41%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Views on Alignment Healthcare

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Alignment Healthcare.

The consensus rating for Alignment Healthcare is Outperform, based on 4 analyst ratings. With an average one-year price target of $9.5, there's ...