earnings
confidence high
sentiment positive
materiality 0.85
Molina Healthcare Q2 2024 adj EPS $5.86 beats prior year $5.65; reaffirms FY guide
MOLINA HEALTHCARE, INC.
2024-Q2 EPS reported
$10.33
revenue$19,811,000,000
- GAAP EPS $5.17 (vs $5.35 YoY); adjusted EPS $5.86 (vs $5.65 YoY).
- Premium revenue $9,446M, up 17.5% YoY; total revenue $9,880M, up 18.7%.
- Medical care ratio 88.6% (vs 87.5% YoY); G&A ratio improved to 7.0%.
- After-tax margin 3.0% GAAP (3.7% YoY), 3.5% adjusted (3.9% YoY).
- Reaffirmed full-year 2024 revenue and earnings guidance.