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Can Alight (ALIT) Run Higher on Rising Earnings Estimates?
ZACKS· 2024-11-22 18:21
Alight, Inc. (ALIT) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earning ...
Alight (ALIT) Upgraded to Buy: Here's What You Should Know
ZACKS· 2024-11-22 18:05
Alight, Inc. (ALIT) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investors ...
Alight(ALIT) - 2024 Q3 - Earnings Call Transcript
2024-11-12 18:10
Alight, Inc. (NYSE:ALIT) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Jeremy Cohen - Head, Investor Relations Dave Guilmette - Chief Executive Officer Jeremy Heaton - Chief Financial Officer Conference Call Participants Kevin McVeigh - UBS Scott Schoenhaus - KeyBanc Capital Markets Tien-Tsin Huang - JPMorgan Kyle Peterson - Needham & Company Pete Christiansen - Citi Pallav Saini - Canaccord Genuity Operator Good morning and thank you for holding. My name is Suvendu, and ...
Alight(ALIT) - 2024 Q3 - Earnings Call Presentation
2024-11-12 15:59
3 rd Quarter 2024 Earnings Presentation © 2024 Alight. All rights reserved. Alight, Inc. November 12, 2024 olich Disclaimer Forward-looking statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements relating to our ability to execute on our go-to-market strategy, statements related to our anticipate ...
Alight, Inc. (ALIT) Misses Q3 Earnings Estimates
ZACKS· 2024-11-12 15:01
Alight, Inc. (ALIT) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -18.18%. A quarter ago, it was expected that this company would post earnings of $0.12 per share when it actually produced earnings of $0.11, delivering a surprise of -8.33%.Over the last four quarters, the company ha ...
Alight(ALIT) - 2024 Q3 - Quarterly Report
2024-11-12 12:42
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 ______________________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.0001 per share ALIT New York Stock Exchange Emerging growth company o For ...
Alight(ALIT) - 2024 Q3 - Quarterly Results
2024-11-12 12:35
Exhibit 99.1 Alight Reports Third Quarter 2024 Results – Initiates quarterly dividend program – – Revenue of $555 million – – Key wins with Hewlett Packard Enterprise, Nokia and Siemens – – Repurchased $75 million of common stock – – Raises revenue guidance range – CHICAGO, IL – November 12, 2024 – Alight, Inc. (NYSE: ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the third quarter ended September 30, 2024. "Alight delivered third ...
Agilis Unveils PensionBuilder™: A Comprehensive Solution for Lifetime Retirement Income
Prnewswire· 2024-10-24 13:00
Empowering participants to buy lifetime income at group pricing to create a "personal pension"BOSTON, Oct. 24, 2024 /PRNewswire/ -- As companies have shifted from traditional defined benefit pension plans to defined contribution (DC) plans, primarily 401(k)s, a pressing need has emerged: participants require predictable lifetime income to protect against the risk of outliving their retirement savings, while employers need cost-effective solutions that mitigate fiduciary risk. Agilis Partners LLC, a leading ...
Is the Options Market Predicting a Spike in Alight (ALIT) Stock?
ZACKS· 2024-10-15 13:30
Investors in Alight, Inc. (ALIT) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 15, 2024 $3.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean ...
Alight (ALIT) Completes Cloud Migration to Reduce Costs
ZACKS· 2024-08-13 13:41
Alight (ALIT) announced the completion of its cloud migration program from data centers, adding to its sustained efforts to improve its margins and simplify its business. The company has fully decommissioned its Lincolnshire data center and shifted to Amazon’s (AMZN) Amazon Web Services (“AWS”) ecosystem.This transformation is expected to reduce the number of servers by 40%, middleware systems by 60% and software used by 95%. These factors, along with Alight Worklife’s shift to AWS, will aid ALIT in saving ...