Molina Healthcare, Inc. (MOH) , a multi-state managed care company, continues to benefit on the back of growing premiums, contract wins, acquisitions and a sound financial position. A solid 2024 earnings per share outlook also reinforces investors' confidence in the stock. The company's shares have gained 15.4% in the past three months, outpacing the industry and S&P 500 Composite's growth of 14.6% and 2.6%, respectively. MOH stock is currently trading at $355.15, well below its 52-week high of $423.92, sug ...

A month has gone by since the last earnings report for Molina (MOH) . Shares have added about 6.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Molina due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Molina Healthcare Q2 Earnings Beat on Growing Membership Molina ...

Molina Healthcare, Inc. (MOH) benefits on the back of growing premiums, contract wins, acquisitions and a sound financial position. A solid 2024 earnings per share outlook also reinforces investors' confidence in the stock. Zacks Rank & Price Performance Molina Healthcare currently carries a Zacks Rank #3 (Hold). The stock has gained 20.9% in the past month compared with the industry's 3.5% growth. The Zacks Medical sector has rallied 2.6% while the S&P 500 composite dipped 0.6% in the same time frame. Imag ...

objectives. Competition is particularly intense within the government-managed care segment, where Molina Healthcare has a significant presence. Molina Healthcare's recent earnings beat and positive future guidance paint a bullish picture for the company's prospects. Its focus on the government-managed care segment and its acquisition strategy positions it for continued growth in the coming years. However, investors must also consider the inherent risks associated with the healthcare industry. Before you con ...

Equinor ASA (EQNR) reported second-quarter 2024 adjusted earnings per share of 84 cents, which beat the Zacks Consensus Estimate of 81 cents. However, the bottom line declined from the year-ago quarter's figure of 89 cents. Segmental Analysis E&P International: The segment's adjusted operating profit totaled $699 million, down 12% from the yearago quarter's figure of $797 million. The decline can be attributed to the higher adjusted operating and administrative expenses in the second quarter compared to tha ...

| --- | --- | |------------------------------------------|-------| | | | | Fair value of consideration transferred: | | | Cash | $ | | Contingent consideration | | | Total | $ | The contingent consideration arrangement allows the seller to earn up to $100 million for the satisfaction of certain conditions within the stock purchase agreement by the fourth quarter of 2024. The fair value of the contingent Molina Healthcare, Inc. June 30, 2024 Form 10-Q | 11 Table of Contents consideration arrangement at the a ...

Company Participants A.J. Rice - UBS Andrew Mok - Barclays Ryan Langston - TD Cowen Josh Raskin - Nephron Research Kevin Fischbeck - Bank of America Justin Lake - Wolfe Research Stephen Baxter - Wells Fargo Sarah James - Cantor Fitzgerald Michael Hall - Baird Scott Fidel - Stephens George Hill - Deutsche Bank I would now like to turn the conference to Jeffrey Geyer, Head of Investor Relations. Please go ahead, sir. On this call, we will refer to certain non-GAAP measures. A reconciliation of these measures ...

For the quarter ended June 2024, Molina (MOH) reported revenue of $9.88 billion, up 18.7% over the same period last year. EPS came in at $5.86, compared to $5.65 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $9.79 billion, representing a surprise of +0.93%. The company delivered an EPS surprise of +2.27%, with the consensus EPS estimate being $5.73. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...

Molina (MOH) came out with quarterly earnings of $5.86 per share, beating the Zacks Consensus Estimate of $5.73 per share. This compares to earnings of $5.65 per share a year ago. These figures are adjusted for nonrecurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. There are no easy answers to this key question, but one reliable measure that can ...

Operating cash flow for the six months ended June 30, 2024 was a use of $5 million, compared to $1,403 million for the six months ended June 30, 2023. The decrease in cash flow for the period year-over-year was driven mainly by the net impact of timing differences in government receivables and payables, including Medicare and Medicaid prepayments, risk corridor settlement activity, and timing differences in receipts and payments of provider payables. -MORE- Molina Healthcare, Inc. Reports Second Quarter 202 ...