Alight Expects FY24 Revenue Of $3.55B-$3.61B Vs. $3.71B Estimate, Projects FY24 Adjusted EPS Of $0.72-$0.77 Vs. $0.73 Estimate
Portfolio Pulse from Benzinga Newsdesk
Alight has provided its financial projections for FY24, expecting revenue to be in the range of $3.55B-$3.61B, which is below the market estimate of $3.71B. However, its projected adjusted EPS of $0.72-$0.77 is around the market estimate of $0.73.
February 21, 2024 | 12:48 pm
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NEGATIVE IMPACT
Alight's FY24 revenue forecast is below market expectations, but its adjusted EPS projection aligns closely with estimates.
The lower-than-expected revenue forecast for FY24 could negatively impact investor sentiment and stock price in the short term. However, the adjusted EPS being in line with estimates might mitigate some of the negative impact. The overall negative score reflects the greater weight investors often place on revenue forecasts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100