earnings
confidence high
sentiment positive
materiality 0.80
Humana Q2 adjusted EPS $8.94 beats $8.76 YoY; affirms FY adjusted EPS at least $28.25
HUMANA INC
2023-Q2 EPS reported
$17.54
revenue$53,489,000,000
- GAAP EPS $7.66 vs $5.48 YoY; adjusted EPS $8.94 vs $8.76; revenue $26.7B (+13% GAAP).
- FY 2023 GAAP EPS guidance revised to at least $26.91 from at least $27.88; adjusted EPS affirmed at at least $28.25.
- Individual Medicare Advantage membership growth raised by 50k to ~825k (18% growth), above industry.
- Benefits expense ratio guidance affirmed at 86.3%-87.3%; CEO cites stabilizing utilization.
- Mid-term adjusted EPS target of $37 in 2025 reiterated; recent Medicaid wins in Indiana and Oklahoma.