Alight, Inc. (NYSE:ALIT), a company operating within the U.S. Professional Services sector, has demonstrated a solid performance that aligns with industry averages. The firm, known for its professional services offerings, has reported an annual revenue increase of 11%, accumulating to a total growth of 24% over the past three years.
Analysts are forecasting a near-term revenue growth of roughly 7.7% for Alight, which stays in line with the broader industry's expectations of about 6.9%. These projections are based on analyses from eight analysts who are closely watching Alight's growth trajectory.
InvestingPro Insights
Alight, Inc. (NYSE:ALIT) has been a subject of interest for its reliable performance in the professional services sector. To further understand its market position, InvestingPro data shows a market capitalization of $35.48 billion and a high price-to-earnings (P/E) ratio of 79.02, which adjusts to 66.68 when considering the last twelve months as of Q3 2023. This indicates that investors have high expectations for the company's earnings growth. Additionally, the company's revenue growth over the last twelve months was a solid 6.66%, slightly outpacing the industry's average.
InvestingPro Tips highlight that Alight's revenue growth has been accelerating and that strong earnings could support the continuation of dividend payments, which have been raised for three consecutive years. This is particularly relevant for income-focused investors. Furthermore, the company's profitability over the last twelve months can provide some reassurance to investors looking for stable returns.
For those interested in a deeper dive into Alight's financial health and future prospects, the InvestingPro platform offers a comprehensive analysis with additional tips. Currently, there are 11 more InvestingPro Tips available for Alight, which can be accessed by subscribing to InvestingPro, now available at a special Black Friday discount of up to 55%.
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