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Molina (MOH) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2023, Molina (MOH - Free Report) reported revenue of $8.33 billion, up 3.4% over the same period last year. EPS came in at $5.65, compared to $4.55 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $8.28 billion, representing a surprise of +0.52%. The company delivered an EPS surprise of +11.88%, with the consensus EPS estimate being $5.05.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Molina performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
MCR - Total: 87.5% compared to the 87.93% average estimate based on four analysts.
MCR - Medicare: 89.2% versus the two-analyst average estimate of 87.79%.
Ending Membership by Program - Marketplaces: 269 thousand versus 235.99 thousand estimated by two analysts on average.
Ending Membership by Program - Total: 5176 thousand versus the two-analyst average estimate of 5144.25 thousand.
Revenue- Premium tax revenue: $169 million compared to the $213.96 million average estimate based on five analysts. The reported number represents a change of -21.4% year over year.
Revenue- Premium revenue: $8.04 billion compared to the $7.98 billion average estimate based on five analysts. The reported number represents a change of +3.1% year over year.
Revenue- Premium revenue- Marketplace: $513 million versus $474.62 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.2% change.
Revenue- Investment income: $97 million versus the three-analyst average estimate of $76.34 million. The reported number represents a year-over-year change of +340.9%.
Revenue- Premium revenue- Medicaid: $6.49 billion versus the three-analyst average estimate of $6.43 billion. The reported number represents a year-over-year change of +2.9%.
Revenue- Premium revenue- Medicare: $1.04 billion versus $1.08 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.1% change.
Revenue- Other revenue: $19 million versus $17.71 million estimated by two analysts on average.
Revenue- Investment income and other revenue: $116 million versus the two-analyst average estimate of $68.63 million. The reported number represents a year-over-year change of +190%.
Shares of Molina have returned +8.6% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Molina (MOH) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2023, Molina (MOH - Free Report) reported revenue of $8.33 billion, up 3.4% over the same period last year. EPS came in at $5.65, compared to $4.55 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $8.28 billion, representing a surprise of +0.52%. The company delivered an EPS surprise of +11.88%, with the consensus EPS estimate being $5.05.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Molina performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- MCR - Total: 87.5% compared to the 87.93% average estimate based on four analysts.
- MCR - Medicare: 89.2% versus the two-analyst average estimate of 87.79%.
- Ending Membership by Program - Marketplaces: 269 thousand versus 235.99 thousand estimated by two analysts on average.
- Ending Membership by Program - Total: 5176 thousand versus the two-analyst average estimate of 5144.25 thousand.
- Revenue- Premium tax revenue: $169 million compared to the $213.96 million average estimate based on five analysts. The reported number represents a change of -21.4% year over year.
- Revenue- Premium revenue: $8.04 billion compared to the $7.98 billion average estimate based on five analysts. The reported number represents a change of +3.1% year over year.
- Revenue- Premium revenue- Marketplace: $513 million versus $474.62 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.2% change.
- Revenue- Investment income: $97 million versus the three-analyst average estimate of $76.34 million. The reported number represents a year-over-year change of +340.9%.
- Revenue- Premium revenue- Medicaid: $6.49 billion versus the three-analyst average estimate of $6.43 billion. The reported number represents a year-over-year change of +2.9%.
- Revenue- Premium revenue- Medicare: $1.04 billion versus $1.08 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.1% change.
- Revenue- Other revenue: $19 million versus $17.71 million estimated by two analysts on average.
- Revenue- Investment income and other revenue: $116 million versus the two-analyst average estimate of $68.63 million. The reported number represents a year-over-year change of +190%.
View all Key Company Metrics for Molina here>>>Shares of Molina have returned +8.6% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.