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Molina (MOH) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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Molina (MOH - Free Report) reported $9.05 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10%. EPS of $4.38 for the same period compares to $4.10 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $8.3 billion, representing a surprise of +8.99%. The company delivered an EPS surprise of +1.62%, with the consensus EPS estimate being $4.31.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 89.1% versus the four-analyst average estimate of 89%.
MCR - Medicare: 93.3% versus the two-analyst average estimate of 94.1%.
MCR - Marketplace: 79.8% versus the two-analyst average estimate of 85.9%.
Ending Membership by Program - Total: 4,995 thousand versus the two-analyst average estimate of 5,101.57 thousand.
Ending Membership by Program - Medicaid: 4,542 thousand versus 4,681.37 thousand estimated by two analysts on average.
Revenue- Premium tax revenue: $552 million compared to the $174.03 million average estimate based on four analysts. The reported number represents a change of +143.2% year over year.
Revenue- Premium revenue: $8.36 billion compared to the $7.97 billion average estimate based on four analysts. The reported number represents a change of +5.6% year over year.
Revenue- Investment income: $114 million versus the three-analyst average estimate of $115.99 million. The reported number represents a year-over-year change of +86.9%.
Revenue- Other revenue: $20 million versus the two-analyst average estimate of $19.49 million.
Revenue- Premium revenue- Medicare: $1.06 billion versus $1.04 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.
Revenue- Premium revenue- Medicaid: $6.78 billion compared to the $6.47 billion average estimate based on two analysts. The reported number represents a change of +5.6% year over year.
Revenue- Premium revenue- Marketplace: $523 million versus the two-analyst average estimate of $463.38 million. The reported number represents a year-over-year change of -4.6%.
Shares of Molina have returned -6.1% over the past month versus the Zacks S&P 500 composite's +5.6% 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) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Molina (MOH - Free Report) reported $9.05 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10%. EPS of $4.38 for the same period compares to $4.10 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $8.3 billion, representing a surprise of +8.99%. The company delivered an EPS surprise of +1.62%, with the consensus EPS estimate being $4.31.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 89.1% versus the four-analyst average estimate of 89%.
- MCR - Medicare: 93.3% versus the two-analyst average estimate of 94.1%.
- MCR - Marketplace: 79.8% versus the two-analyst average estimate of 85.9%.
- Ending Membership by Program - Total: 4,995 thousand versus the two-analyst average estimate of 5,101.57 thousand.
- Ending Membership by Program - Medicaid: 4,542 thousand versus 4,681.37 thousand estimated by two analysts on average.
- Revenue- Premium tax revenue: $552 million compared to the $174.03 million average estimate based on four analysts. The reported number represents a change of +143.2% year over year.
- Revenue- Premium revenue: $8.36 billion compared to the $7.97 billion average estimate based on four analysts. The reported number represents a change of +5.6% year over year.
- Revenue- Investment income: $114 million versus the three-analyst average estimate of $115.99 million. The reported number represents a year-over-year change of +86.9%.
- Revenue- Other revenue: $20 million versus the two-analyst average estimate of $19.49 million.
- Revenue- Premium revenue- Medicare: $1.06 billion versus $1.04 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.
- Revenue- Premium revenue- Medicaid: $6.78 billion compared to the $6.47 billion average estimate based on two analysts. The reported number represents a change of +5.6% year over year.
- Revenue- Premium revenue- Marketplace: $523 million versus the two-analyst average estimate of $463.38 million. The reported number represents a year-over-year change of -4.6%.
View all Key Company Metrics for Molina here>>>Shares of Molina have returned -6.1% over the past month versus the Zacks S&P 500 composite's +5.6% 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.