Financial News
Alight (ALIT) Reports Q1: Everything You Need To Know Ahead Of Earnings
Human capital management provider Alight (NYSE: ALIT) will be reporting results tomorrow before market open. Here’s what investors should know.
Alight met analysts’ revenue expectations last quarter, reporting revenues of $680 million, down 1.6% year on year. It was a slower quarter for the company, with a significant miss of analysts’ full-year EPS guidance estimates.
Is Alight a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Alight’s revenue to decline 3.1% year on year to $541.9 million, improving from the 4.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 per share.

Analysts covering the company have generally 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 six 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. ManpowerGroup’s revenues decreased 7.1% year on year, beating analysts’ expectations by 2.9%, and Kforce reported a revenue decline of 6.2%, falling short of estimates by 1%. ManpowerGroup traded down 19.2% following the results while Kforce was also down 14.2%.
Read our full analysis of ManpowerGroup’s results here and Kforce’s results here.
There has been positive sentiment among investors in the professional staffing & hr solutions segment, with share prices up 14.2% on average over the last month. Alight is up 15.8% during the same time and is heading into earnings with an average analyst price target of $9.86 (compared to the current share price of $5.43).
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