Molina (MOH) Q2 Earnings Miss Estimates

Core Viewpoint - Molina's quarterly earnings of $5.48 per share missed the Zacks Consensus Estimate of $5.5 per share, representing a year-over-year decline from $5.86 per share [1] - The company reported revenues of $11.43 billion for the quarter, exceeding the Zacks Consensus Estimate by 5.43% and showing an increase from $9.88 billion a year ago [2] Financial Performance - The earnings surprise for the latest quarter was -0.36%, while the previous quarter saw a positive surprise of +3.75% with actual earnings of $6.08 against an expectation of $5.86 [1][2] - Over the last four quarters, Molina has surpassed consensus EPS estimates two times and revenue estimates three times [2] Stock Performance - Molina shares have declined approximately 37.9% since the beginning of the year, contrasting with the S&P 500's gain of 7.3% [3] - The current Zacks Rank for Molina is 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $5.93 on revenues of $10.9 billion, while the estimate for the current fiscal year is $22.08 on revenues of $44.06 billion [7] - The outlook for the Medical - HMOs industry is currently unfavorable, ranking in the bottom 4% of over 250 Zacks industries, which may impact Molina's stock performance [8]