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Humana(HUM) - 2024 Q1 - Earnings Call Transcript
2024-04-24 16:49
Lisa Stoner Thank you, and good morning. I hope everyone had a chance to review our press release and prepared remarks, both of which are available on our website. We will begin this morning with brief remarks from Bruce Broussard, Humana's Chief Executive Officer; and Jim Rechtin, Humana's President and Chief Operating Officer. Followed by a Q&A session, where Bruce and Jim will be joined by Susan Diamond, Humana's Chief Financial Officer. Before we begin our discussion, I need to advise call participants ...
Humana shares fall as medical insurer withdraws 2025 profit guidance
Proactive Investors· 2024-04-24 15:41
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Humana (HUM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-04-24 14:36
For the quarter ended March 2024, Humana (HUM) reported revenue of $29.33 billion, up 9.7% over the same period last year. EPS came in at $7.23, compared to $9.38 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $28.6 billion, representing a surprise of +2.55%. The company delivered an EPS surprise of +20.10%, with the consensus EPS estimate being $6.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...
Humana (HUM) Tops Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-04-24 12:46
Humana (HUM) came out with quarterly earnings of $7.23 per share, beating the Zacks Consensus Estimate of $6.02 per share. This compares to earnings of $9.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.10%. A quarter ago, it was expected that this health insurer would post a loss of $0.07 per share when it actually produced a loss of $0.11, delivering a surprise of -57.14%.Over the last four quarters, the company has su ...
Humana Reports $741 Million Profit And Boosts Medicare Forecast
Forbes· 2024-04-24 11:32
The health insurer Humana Wednesday April 24, 2024 reported quarterly net of more than $741 million ... [+] and boosted its forecast for Medicare Advantage membership growth. In this photo is a Humana office in Louisville, Kentucky, US, on Monday, July 31, 2023. Photographer: Jon Cherry/Bloomberg© 2023 Bloomberg Finance LPThe health insurer Humana Wednesday reported quarterly net income of more than $741 million and boosted its forecast for Medicare Advantage membership growth.Medicare Advantage plans, whic ...
Humana(HUM) - 2024 Q1 - Quarterly Results
2024-04-24 10:38
n e w s r e l e a s e Exhibit 99.2 Humana Inc. 500 West Main Street P.O. Box 1438 Louisville, KY 40202 http://www.humana.com FOR MORE INFORMATION CONTACT: Lisa Stoner Humana Investor Relations (502) 580-2652 e-mail: LStamper@humana.com Mark Taylor Humana Corporate Communications (317) 753-0345 e-mail: MTaylor108@humana.com Humana Reports First Quarter 2024 Financial Results; Affirms Full Year Adjusted 2024 Financial Guidance LOUISVILLE, KY (April 24, 2024) – Humana Inc. (NYSE: HUM) today reported consolidat ...
Why Earnings Season Could Be Great for Humana (HUM)
Zacks Investment Research· 2024-04-23 17:06
Investors are always looking for stocks that are poised to beat at earnings season and Humana Inc (HUM) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Humana is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of ...
Cohere Health and Humana Expand Prior Authorization Partnership, Adding Diagnostic Imaging and Sleep Services
Prnewswire· 2024-04-23 13:00
New solutions elevate and expedite patient care with upstream moments of influence  BOSTON and LOUISVILLE, Ky., April 23, 2024 /PRNewswire/ -- Cohere Health, a recognized leader in clinical intelligence and prior authorization automation, announced that Humana Inc. (NYSE: HUM) will expand its use of Cohere's prior authorization platform for diagnostic imaging and sleep services. "Expanding our partnership with Cohere further supports our commitment to improving prior authorization for our members and provid ...
Will Humana (HUM) Q1 Earnings Beat on CenterWell Strength?
Zacks Investment Research· 2024-04-19 15:26
Humana Inc. (HUM) is set to beat on earnings in the first quarter of 2024, the results for which are scheduled to be released on Apr 24, before the opening bell.What Do the Estimates Say?The Zacks Consensus Estimate for first-quarter earnings per share of $6.02 suggests a decrease of 35.8% from the prior-year reported number of $9.38. The estimate remained stable over the past week. However, the consensus mark for first-quarter revenues of $28.6 billion indicates a 7% increase from the year-ago reported fig ...
Humana (HUM) Ascends While Market Falls: Some Facts to Note
Zacks Investment Research· 2024-04-18 22:56
In the latest market close, Humana (HUM) reached $324.83, with a +0.42% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.22%. At the same time, the Dow added 0.06%, and the tech-heavy Nasdaq lost 0.52%.Heading into today, shares of the health insurer had lost 7.1% over the past month, lagging the Medical sector's loss of 6.22% and the S&P 500's loss of 1.66% in that time.Investors will be eagerly watching for the performance of Humana in its upcom ...