earnings
confidence high
sentiment positive
materiality 0.80
Elevance Health Q3 GAAP EPS $6.68, adj. $7.53; revenue up 11.5%; raises FY2022 outlook
Elevance Health, Inc.
2022-Q3 EPS reported
$20.86
revenue$116,666,000,000
- GAAP net income $6.68/share vs $6.79 adjusted; adjusted EPS $7.53, up 10.9% YoY.
- Operating revenue $39.6B (+11.5% YoY), driven by membership growth and premium rate increases.
- Medical membership 47.3M, up 2.2M YoY (+4.9%), with growth in Medicaid, commercial fee-based, and Medicare Advantage.
- FY2022 GAAP net income guidance raised to >$25.33/share; adjusted net income >$28.95/share.
- Q4 dividend declared $1.28/share, payable Dec 21, 2022 to holders of record Dec 5.