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Alight (ALIT)
NYSE:ALIT
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.23Last Year’s EPS
$0.3Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -7.57%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call for ALIT showed a generally positive outlook with significant improvements in profitability and strategic wins. Key highlights include increased pipeline and win rates, successful cloud migration leading to cost savings, and the initiation of a dividend program. However, challenges remain with nonrecurring project revenue decline and minimal overall revenue growth.Company Guidance
During the ALIT Q3 2024 earnings call, the company outlined key metrics and guidance reflecting strong performance and future growth prospects. Alight reported revenue of $555 million for the quarter, with a 19% increase in BPaaS solutions, contributing to a 21.3% adjusted EBITDA margin, a rise of 90 basis points year-over-year. The company highlighted significant new client wins with Hewlett Packard Enterprise, Nokia, and Siemens and maintained its guidance for double-digit ARR bookings growth in the second half, emphasizing this as a critical metric for sustainable growth. Alight's pipeline was reported to be up over 60%, with improved win rates also contributing to the positive outlook. The company raised its full-year revenue guidance to between $2.338 billion and $2.358 billion, reflecting an increase of $10 million at the midpoint, while maintaining its adjusted EBITDA guidance. Additionally, Alight announced the initiation of a quarterly dividend of $0.04 per share, showcasing its commitment to returning capital to shareholders.Improved Financial Performance
ALIT's third quarter results showed improved revenue performance and stronger profitability, outperforming expectations. Adjusted EBITDA was up 3.5% at $118 million, with a margin improvement of 90 basis points from the prior year to 21.3%.
Increased Pipeline and Win Rates
The pipeline is up over 60% and win rates are up by double digits. ALIT's focus on annual recurring revenue (ARR) is driving a greater mix of long-term contracts being signed.
Key Client Wins
ALIT announced key wins in the third quarter with Hewlett Packard Enterprise, Nokia, and Siemens, contributing to an expected double-digit ARR bookings growth in the second half.
Successful Cloud Migration and Cost Savings
The completion of the cloud migration is enabling ongoing savings and driving an improved user experience, contributing approximately $20 million in initial benefits for the year.
Initiation of Dividend Program
ALIT announced the initiation of a quarterly dividend of $0.04 per share, reflecting a commitment to consistently return capital to shareholders.
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ALIT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALIT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $7.42 | $8.42 | +13.48% |
| Aug 06, 2024 | $6.86 | $6.49 | -5.39% |
| May 08, 2024 | $9.24 | $7.74 | -16.23% |
| Feb 21, 2024 | $9.53 | $9.25 | -2.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alight (ALIT) report earnings?
Alight (ALIT) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Alight (ALIT) earnings time?
Alight (ALIT) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALIT EPS forecast?
ALIT EPS forecast for the fiscal quarter 2024 (Q4) is $0.23.
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