Healthcare insurance company Molina Healthcare (NYSE: MOH) will be reporting earnings tomorrow after market close. Here’s what investors should know.
Molina Healthcare beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $10.5 billion, up 16% year on year. It was a slower quarter for the company, with a significant miss of analysts’ full-year EPS guidance estimates. It lost 63,000 customers and ended up with a total of 5.54 million.
Is Molina Healthcare a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Molina Healthcare’s revenue to grow 9.4% year on year to $10.86 billion, slowing from the 21.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $5.96 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Molina Healthcare has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.6% on average.
Looking at Molina Healthcare’s peers in the healthcare providers & services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Elevance Health delivered year-on-year revenue growth of 14.5%, beating analysts’ expectations by 5%, and UnitedHealth reported revenues up 9.8%, falling short of estimates by 1.7%. UnitedHealth traded down 27.4% following the results.
Read our full analysis of Elevance Health’s results here and UnitedHealth’s results here.
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