Alight (ALIT) Soars 14.0%: Is Further Upside Left in the Stock? [Yahoo! Finance]
Alight, Inc. Class A (ALIT)
Company Research
Source: Yahoo! Finance
This compares to the stock's 7.7% loss over the past four weeks. The upswing can be attributed to ALIT's announcement that it has signed a definitive agreement to divest its Professional Services segment and its Payroll & HCM Outsourcing businesses within the Employer Solutions segment to an affiliate of H.I.G. Capital for up to $1.2 billion. This company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $855.41 million, up 2.9% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For Alight, the consensus EPS estimate for the quarter has been revised 6.3% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisio
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ALIT
News
- Why Alight (ALIT) Could Beat Earnings Estimates Again [Yahoo! Finance]Yahoo! Finance
- Alight, Inc. (NYSE: ALIT) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $14.00 price target on the stock.MarketBeat
- Is Alight (ALIT) Stock Outpacing Its Computer and Technology Peers This Year? [Yahoo! Finance]Yahoo! Finance
- Alight, Inc. Is Preparing To Ignite A New Spark After Spin-Out Deal [Seeking Alpha]Seeking Alpha
- ALIT vs. PYCR: Which Stock Should Value Investors Buy Now? [Yahoo! Finance]Yahoo! Finance
ALIT
Earnings
- 2/21/24 - Miss
ALIT
Sec Filings
- 4/11/24 - Form 4/A
- 4/10/24 - Form 4
- 4/8/24 - Form 144
- ALIT's page on the SEC website