Alignment Healthcare(ALHC)
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Alignment Healthcare (ALHC) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2024-10-29 22:35
Alignment Healthcare (ALHC) came out with a quarterly loss of $0.14 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this Medicare Advantage insurer would post a loss of $0.14 per share when it actually produced a loss of $0.13, delivering a surprise of 7.14%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Alignment Healthcar ...
Alignment Healthcare(ALHC) - 2024 Q3 - Quarterly Report
2024-10-29 20:04
Table of Contents _______________________________________ _______________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share ALHC The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _______________________________________ FORM 10-Q _______________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...
Alignment Healthcare(ALHC) - 2024 Q3 - Quarterly Results
2024-10-29 20:01
EXHIBIT 99.1 Alignment Healthcare Reports Third Quarter 2024 Results Reports $692.4 million in total revenue, up 51.6% year-over-year Increases Medicare Advantage membership, up 57.7% year-over-year to approximately 182,300 members, beating third-quarter and year-end expectations One of seven Medicare Advantage Prescription Drug contracts nationally to earn 5- out of 5 stars from the Centers for Medicare & Medicaid Services (CMS), with 98% of company's Medicare Advantage members in plans rated 4-stars or hi ...
Alignment Healthcare Reports Third Quarter 2024 Results
GlobeNewswire News Room· 2024-10-29 20:01
Reports $692.4 million in total revenue, up 51.6% year-over-year Increases Medicare Advantage membership, up 57.7% year-over-year to approximately 182,300 members, beating third-quarter and year-end expectations One of seven Medicare Advantage Prescription Drug contracts nationally to earn 5- out of 5 stars from the Centers for Medicare & Medicaid Services (CMS), with 98% of company's Medicare Advantage members in plans rated 4-stars or higher for 2025 Raises year-end health plan membership and revenue guid ...
Alignment Healthcare (ALHC) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
ZACKS· 2024-10-22 15:06
Company Overview - Alignment Healthcare (ALHC) is expected to report a year-over-year increase in earnings driven by higher revenues for the quarter ended September 2024, with the earnings report scheduled for October 29, 2024 [1] - The consensus estimate anticipates a quarterly loss of $0.14 per share, reflecting a year-over-year change of +26.3%, while revenues are projected to be $661.45 million, up 44.8% from the previous year [2] Estimate Revisions - The consensus EPS estimate has been revised 0.78% lower over the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [3] - The Most Accurate Estimate for Alignment Healthcare is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.03%, suggesting a bearish outlook from analysts [6] Earnings Surprise History - In the last reported quarter, Alignment Healthcare was expected to post a loss of $0.14 per share but actually reported a loss of $0.13, resulting in a surprise of +7.14% [7] - Over the last four quarters, the company has only beaten consensus EPS estimates once [7] Earnings ESP and Zacks Rank - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [5] - Alignment Healthcare currently holds a Zacks Rank of 2, but the negative Earnings ESP makes it challenging to predict an earnings beat [6] Industry Comparison - Life Time Group Holdings, Inc. (LTH), another player in the Zacks Medical Services industry, is expected to report earnings per share of $0.21 for the same quarter, indicating a year-over-year change of +61.5% [9] - Life Time Group Holdings has seen an 8.3% upward revision in its consensus EPS estimate over the last 30 days, with a higher Most Accurate Estimate leading to an Earnings ESP of 14.63%, suggesting a likely earnings beat [9]
Alignment Healthcare to Announce Third Quarter 2024 Financial Results and Host Conference Call Tuesday, Oct. 29, 2024
GlobeNewswire News Room· 2024-10-18 12:00
Group 1 - Alignment Healthcare, Inc. (NASDAQ: ALHC) will release its third quarter 2024 financial results on October 29, 2024, after market close [1] - A conference call to review the financial results will be held at 5 p.m. EDT on the same day [1] - A live audio webcast of the conference call will be available online, with a replay accessible for approximately 12 months [2] Group 2 - Alignment Health focuses on empowering seniors to age well and live vibrant lives through high-quality, low-cost care for Medicare Advantage members [3] - The company partners with trusted local providers to deliver coordinated care, utilizing its customized care model and technology, AVA® [3] - Alignment Health emphasizes its core values of serving seniors first as it expands its offerings and national presence [3]
Alignment Healthcare Continues to Deliver High-Quality Medicare Advantage Plans, 4 Stars or Greater for 98% of Members in 2025
GlobeNewswire News Room· 2024-10-11 12:00
Core Insights - Alignment Healthcare, Inc. announced that 98% of its Alignment Health Plan members are enrolled in plans rated 4 stars or greater by CMS for 2025, indicating strong performance in the Medicare Advantage market [1][2]. Group 1: Star Ratings Performance - 98% of Alignment Health Plan members are in plans rated 4 stars or greater [2]. - The California HMO contract, which represents approximately 86% of the company's Medicare Advantage membership, has achieved a 4-star rating for the eighth consecutive year [2]. - The HMO contracts in Nevada and North Carolina have maintained a 5-star rating for three consecutive years [2]. - The California PPO has received a 4.5-star rating [2]. Group 2: CMS Evaluation Criteria - CMS's 5-star ratings are based on member feedback, retention rates, complaints, and clinical quality metrics [2]. Group 3: Company Mission and Strategy - Alignment Healthcare aims to empower seniors to age well and live vibrant lives through high-quality, low-cost care [4]. - The company utilizes a customized care model, a 24/7 concierge care team, and proprietary technology (AVA®) to deliver coordinated care [4].
Alignment Health Plan Expands Provider Network with Intermountain Health, Enhancing Care Access in Nevada
GlobeNewswire News Room· 2024-10-03 15:00
LAS VEGAS, Nev. and ORANGE, Calif., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Alignment Health Plan, an award-winning Medicare Advantage plan from Alignment Health, today announced it is expanding access to high-quality health care and services for its members in Clark and Washoe counties through a new agreement with Intermountain Health. Effective Jan. 1, 2025, the agreement will provide Alignment’s Nevada members access to more than 65 clinic locations in the Silver State, 35 of which are award-winning senior pri ...
Alignment Healthcare (ALHC) Moves 12.7% Higher: Will This Strength Last?
ZACKS· 2024-10-03 13:25
Group 1 - Alignment Healthcare (ALHC) shares increased by 12.7% to close at $11.27, with trading volume significantly higher than usual [1] - The stock's recent price surge is attributed to positive sentiment regarding the company's Medicare Advantage plan, which will introduce over 55 benefits for seniors [1] - The Medicare Advantage plan will be available to 8.1 million Medicare-eligible adults during the enrollment period from October 15 to December 7, 2024, with benefits starting January 1, 2025 [1] Group 2 - Alignment Healthcare is expected to report a quarterly loss of $0.14 per share, reflecting a year-over-year increase of 26.3%, with revenues projected at $661.54 million, up 44.9% from the previous year [1] - The consensus EPS estimate for Alignment Healthcare has remained unchanged over the last 30 days, indicating a potential lack of momentum in earnings revisions [2] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [2] Group 3 - AMN Healthcare, a peer in the medical services industry, has a consensus EPS estimate of $0.63, which represents a 68% decline from the previous year [3] - AMN Healthcare also holds a Zacks Rank of 3 (Hold), indicating a similar neutral outlook as Alignment Healthcare [3]
Alignment Health Plan Introduces 2025 Medicare Advantage Plans to Address Diverse Care Needs of Seniors, from Cost Concerns to Chronic Conditions
GlobeNewswire News Room· 2024-10-01 12:00
ORANGE, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Alignment Health Plan, an award-winning Medicare Advantage (MA) plan from Alignment Health, today announced more than 55 plan benefit options designed to meet seniors’ evolving health care needs. For 2025, Alignment is offering more choices for the growing population of seniors who need specialized care and maintaining consistency in the benefits it offers that holistically address seniors’ overall health and wellness. The plans will be available to 8.1 mill ...