Alight Expects to Update Prior FY24 Revenue Outlook Of $3.55B-$3.61B Vs $3.71B Est and Adjusted EPS Of $0.72-$0.77 Vs $0.73 Est After Closing the Payroll & Professional Services Business Transaction
Portfolio Pulse from Benzinga Newsdesk
Alight is set to revise its FY24 revenue outlook from the previously announced $3.55B-$3.61B to potentially higher figures after the closure of the Payroll & Professional Services business transaction. The company also anticipates adjusting its EPS guidance of $0.72-$0.77, which is in line with the estimated $0.73. This update comes as Alight reaffirms its mid-term outlook, indicating a positive adjustment post-transaction.
May 08, 2024 | 11:53 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Alight is expected to revise its FY24 revenue and EPS outlook upwards following the Payroll & Professional Services business transaction, indicating a positive financial trajectory.
The anticipated revision of Alight's FY24 revenue and EPS outlook to potentially higher figures post-transaction suggests a positive impact on the company's financial health and growth prospects. This adjustment reflects the company's confidence in its mid-term financial performance, likely leading to increased investor confidence and potentially a positive short-term impact on ALIT's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100