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Molina Healthcare (MOH)
NYSE:MOH
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$5.77Last Year’s EPS
$4.38Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 6.73%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong performance in Marketplace and strategic growth initiatives through new contract awards, while also dealing with challenges in Medicaid and Medicare due to higher medical costs and rate adjustments. The company's financial guidance remains robust despite short-term pressures.Company Guidance
During Molina Healthcare's third-quarter 2024 earnings call, the company provided guidance reaffirming their full-year projections, highlighting $38 billion in premium revenue and at least $23.50 in earnings per share. The third quarter produced $6.01 in earnings per share and $9.7 billion in premium revenue. Key metrics discussed included the consolidated Medical Care Ratio (MCR) of 89.2%, which was higher than expected due to medical cost pressures in Medicaid and Medicare, as well as a 4.5% adjusted pretax margin. The company also projected a 2024 revenue growth of 17% year-over-year, supported by strong Marketplace performance, operational efficiencies, and higher investment income. Looking forward to 2025, Molina expressed cautious optimism about rate adjustments catching up to medical cost trends, while aiming for $46 billion in premium revenue by 2026.Earnings per Share and Revenue
Reported adjusted earnings per share of $6.01 with $9.7 billion of premium revenue, aligning with expectations. Full-year 2024 guidance reaffirmed at $38 billion in premium revenue and at least $23.50 in earnings per share.
Rate Adjustments and Financial Buffers
Received 5 on-cycle rate updates averaging 4.5% and additional positive off-cycle rate adjustments. Risk corridors provided financial buffer against elevated medical costs.
Marketplace Segment Performance
Third quarter MCR was 73%, outperforming expectations despite higher special enrollment period membership. Full-year Marketplace guidance MCR lowered to 74% due to strong performance.
Growth Initiatives and Contracts
Awarded contracts in Michigan and Massachusetts for dual-eligible populations, expected to generate significant revenue and earnings growth by 2027.
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MOH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MOH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $275.00 | $323.59 | +17.67% |
| Jul 24, 2024 | $288.72 | $324.17 | +12.28% |
| Apr 24, 2024 | $367.41 | $352.30 | -4.11% |
| Feb 07, 2024 | $362.10 | $381.49 | +5.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Molina Healthcare (MOH) report earnings?
Molina Healthcare (MOH) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Molina Healthcare (MOH) earnings time?
Molina Healthcare (MOH) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MOH EPS forecast?
MOH EPS forecast for the fiscal quarter 2024 (Q4) is $5.77.
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