Alignment Healthcare Third Quarter 2024 Earnings: Beats Expectations

Alignment Healthcare, Inc. +6.55% Pre

Alignment Healthcare, Inc.

ALHC

14.15

14.15

+6.55%

0.00% Pre

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).
earnings-and-revenue-growth
NasdaqGS:ALHC Earnings and Revenue Growth October 31st 2024

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.

The company's shares are up 11% from a week ago.

Risk Analysis

You should always think about risks.

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