NASDAQ$ALHC

Alignment Healthcare Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported exceeding guidance across all key financial metrics.

Alignment Healthcare reported its Q3 2023 financial results, demonstrating strong performance and exceeding expectations across all key financial metrics. The company's success is attributed to its focus on service, quality, and advocacy in Medicare Advantage.

  • Alignment Healthcare's third quarter results indicate a strong performance in Medicare Advantage.
  • The company's largest MA contract has achieved at least 4- out of 5-stars for seven consecutive years.
  • Alignment Health is championing a new path in senior care that empowers members to age well and live their most vibrant lives.
  • Alignment Health offers more than 40 benefits-rich, value-driven Medicare Advantage plans that serve 52 counties across six states.

Headline financials

Total Revenue

$457M

Previous: $360M+26.7%
EPS (adj)

-$0.19

Previous: -$0.21+9.5%
Capital Expenditures

-$9.55M

No prior period
Free Cash Flow

-$35M

Previous: -$40.2M+12.9%
Net Income

-$35M

Previous: -$40.2M+12.9%
Operating Income

-$29.8M

Previous: -$33.4M+10.9%
Gross Profit

$457M

Previous: $360M+26.7%
Cash & Equivalents

$392M

Previous: $567M-31.0%
Total Assets

$771M

Previous: $778M-0.9%
Stock-Based Comp

$13.6M

Previous: $18.7M-27.4%

Revenue & EPS history

Alignment Healthcare · Revenue · Quarterly

$457M

Q3 2023+26.7%vs Q3 2022
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Alignment Healthcare · $265M total across 2 segments · Q1 2021

  • Earned premiums
    $265M+18.0%
  • Other revenue
    $82K

Forward guidance

The company provided an outlook for the fourth quarter and fiscal year 2023, but specific details were not included in the provided text.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2023

Historical avgQ3 2023

+1.8%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+2.6%

Avg return

30 days after

57%

12 / 21 earnings

Positive

+27.0%

Q1 2024

Best reaction

-16.4%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.8%-15.7%-29.5%
Q4 2025-5.8%-7.5%-18.6%
Q3 2025-1.9%-0.4%+12.2%
Q1 2025-7.7%-7.5%-8.3%
Q4 2024+16.5%+17.4%+35.9%
Q3 2024+1.6%+12.2%+11.2%
Q2 2024+2.3%+4.9%+3.1%
Q1 2024+27.0%+31.6%+51.0%
Q4 2023-8.9%-9.2%-20.1%
Q3 2023-9.6%-7.2%+10.5%
Q2 2023+7.5%+10.5%-4.2%
Q1 2023+3.5%+11.3%-5.1%
Q4 2022-16.4%-20.9%-35.2%
Q3 2022-3.1%-3.3%-2.7%
Q2 2022+10.4%+4.3%-8.7%
Q1 2022-7.0%-18.8%+6.8%
Q4 2021+10.7%+8.0%+39.7%
Q3 2021+10.6%+6.1%-26.7%
Q2 2021-8.5%-4.8%-11.2%
Q1 2021+6.8%+13.3%+27.6%
Q4 2020+6.8%+13.3%+27.6%
Q3 2020
Q2 2020
Q1 2020

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