earnings
confidence high
sentiment negative
materiality 0.90
agilon health cuts 2023 medical margin guidance by ~$110M; withdraws 2026 outlook
agilon health, inc.
- 2023 medical margin guidance lowered to $340M-$360M from $455M-$470M, a ~$110M reduction.
- 2023 Adjusted EBITDA guidance revised to loss of $55M-$69M from prior profit of $6M-$18M.
- Higher-than-expected medical costs from specialist visits, Part B drugs, outpatient surgeries cited.
- Initial 2024 outlook: medical margin $560M-$600M; Adjusted EBITDA $40M-$60M.
- Withdraws previously issued 2026 target; actions underway to improve predictability.