earnings
confidence high
sentiment neutral
materiality 0.70
Humana Q2 GAAP EPS $5.62, Adj EPS $6.96; cuts FY GAAP guidance to ~$12.81
HUMANA INC
2024-Q2 EPS reported
$11.74
revenue$59,151,000,000
- Q2 GAAP EPS $5.62 vs $7.66 YoY; adjusted EPS $6.96 vs $8.94 YoY; revenue $29.54B vs $26.75B.
- FY 2024 GAAP EPS guidance revised to ~$12.81 from ~$13.93; adjusted EPS guidance reaffirmed at ~$16.00.
- Benefits expense ratio rose to 89.0% from 86.3% YoY due to elevated Medicare Advantage medical cost trends.
- Individual Medicare Advantage annual membership growth estimate raised by 75k to ~225k (4.2% growth).