Alight, Inc. (NYSE:ALIT) reported better-than-expected third-quarter sales results and issued fourth-quarter adjusted EPS guidance with its midpoint above estimates on Tuesday.
Alight posted adjusted earnings of 9 cents per share, in-line with market estimates of 9 cents per share. The company's quarterly sales came in at $555.000 million versus expectations of $539.685 million.
Alight said it sees fourth-quarter revenue of $665 million to $685 million versus analysts' estimates of $680.98 million. The company expects adjusted earnings of 22 cents to 27 cents per share, versus expectations of 22 cents per share.
Alight shares fell 0.9% to trade at $8.39 on Wednesday.
These analysts made changes to their price targets on Alight following earnings announcement.
- Needham analyst Kyle Peterson maintained Alight with a Buy and raised the price target from $9 to $11.
- Canaccord Genuity analyst Joseph Vafi maintained the stock with a Buy and raised the price target from $11 to $12.
Considering buying ALIT stock? Here’s what analysts think:
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