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Compared to Estimates, Alignment Healthcare (ALHC) Q3 Earnings: A Look at Key Metrics
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Alignment Healthcare (ALHC - Free Report) reported $692.43 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 51.6%. EPS of -$0.14 for the same period compares to -$0.19 a year ago.
The reported revenue represents a surprise of +4.50% over the Zacks Consensus Estimate of $662.62 million. With the consensus EPS estimate being -$0.14, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Alignment Healthcare performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Medical Benefit Ratio: 88.4% versus 88.3% estimated by five analysts on average.
Health Plan Membership - Ending: 182,300 compared to the 176,991 average estimate based on four analysts.
Revenues- Other: $7.94 million compared to the $6.30 million average estimate based on five analysts. The reported number represents a change of +22.6% year over year.
Revenues- Earned premiums: $684.50 million versus $657.27 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +52% change.
Shares of Alignment Healthcare have returned -2.4% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Alignment Healthcare (ALHC) Q3 Earnings: A Look at Key Metrics
Alignment Healthcare (ALHC - Free Report) reported $692.43 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 51.6%. EPS of -$0.14 for the same period compares to -$0.19 a year ago.
The reported revenue represents a surprise of +4.50% over the Zacks Consensus Estimate of $662.62 million. With the consensus EPS estimate being -$0.14, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Alignment Healthcare performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Medical Benefit Ratio: 88.4% versus 88.3% estimated by five analysts on average.
- Health Plan Membership - Ending: 182,300 compared to the 176,991 average estimate based on four analysts.
- Revenues- Other: $7.94 million compared to the $6.30 million average estimate based on five analysts. The reported number represents a change of +22.6% year over year.
- Revenues- Earned premiums: $684.50 million versus $657.27 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +52% change.
View all Key Company Metrics for Alignment Healthcare here>>>Shares of Alignment Healthcare have returned -2.4% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.