Human capital management provider Alight (NYSE: ALIT) will be reporting results this Tuesday after the bell. Here’s what investors should know.
Alight met analysts’ revenue expectations last quarter, reporting revenues of $653 million, down 4% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates and revenue in line with analysts’ estimates.
Is Alight a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Alight’s revenue to decline 8.3% year on year, a further deceleration from the 3.5% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Alight has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Alight’s peers in the professional staffing & hr solutions segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Kforce posted flat year-on-year revenue, meeting analysts’ expectations, and Robert Half reported a revenue decline of 3.8%, in line with consensus estimates. Kforce traded up 43.3% following the results while Robert Half was down 5.8%.
Read our full analysis of Kforce’s results here and Robert Half’s results here.
There has been positive sentiment among investors in the professional staffing & hr solutions segment, with share prices up 10.1% on average over the last month. Alight is up 43% during the same time and is heading into earnings with an average analyst price target of $2.38 (compared to the current share price of $0.79).
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
