Alight, Inc Expects FY23 Revenue of $3.47B-$3.51B Vs $3.5B Est, Adj EPS of $0.65-$0.69 (Prior $0.62 to $0.67) Vs $0.64 Est
Portfolio Pulse from Benzinga Newsdesk
Alight, Inc has updated its FY23 revenue forecast to $3.47B-$3.51B, representing a growth of 11% to 12%. The company also expects an adjusted EPS of $0.65-$0.69, up from the prior estimate of $0.62-$0.67. Other projections include adjusted EBITDA of $735M-$750M, BPaaS total contract value bookings of $700M-$900M, and an operating cash flow conversion rate of 45-55%.
November 01, 2023 | 11:34 am
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Alight, Inc has raised its FY23 revenue and EPS forecasts. This positive outlook could potentially boost investor confidence and have a positive impact on the company's stock price in the short term.
Alight's raised revenue and EPS forecasts for FY23 indicate that the company is expecting strong performance. This positive outlook could boost investor confidence, leading to increased demand for the company's stock and potentially driving up its price in the short term.
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IMPORTANCE 80
RELEVANCE 100