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Here's What Key Metrics Tell Us About Molina (MOH) Q3 Earnings
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Molina (MOH - Free Report) reported $8.55 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 7.8%. EPS of $5.05 for the same period compares to $4.36 a year ago.
The reported revenue represents a surprise of +2.94% over the Zacks Consensus Estimate of $8.3 billion. With the consensus EPS estimate being $4.87, the EPS surprise was +3.70%.
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: 88.7% versus the five-analyst average estimate of 88.6%.
MCR - Medicare: 92.4% versus 88.2% estimated by three analysts on average.
MCR - Marketplace: 78.9% compared to the 84.4% average estimate based on three analysts.
Ending Membership by Program - Total: 5,206 thousand compared to the 5,245.62 thousand average estimate based on three analysts.
Ending Membership by Program - Medicaid: 4,757 thousand versus 4,829.63 thousand estimated by three analysts on average.
Revenue- Premium revenue: $8.24 billion versus the five-analyst average estimate of $8.13 billion. The reported number represents a year-over-year change of +7.9%.
Revenue- Premium tax revenue: $176 million compared to the $175.87 million average estimate based on five analysts. The reported number represents a change of -21.1% year over year.
Revenue- Premium revenue- Medicare: $1.03 billion versus the three-analyst average estimate of $1.07 billion. The reported number represents a year-over-year change of +9%.
Revenue- Premium revenue- Medicaid: $6.71 billion versus the three-analyst average estimate of $6.58 billion. The reported number represents a year-over-year change of +9.6%.
Revenue- Premium revenue- Marketplace: $497 million versus $483.24 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -11.9% change.
Revenue- Investment income: $112 million versus $72.59 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +128.6% change.
Revenue- Other revenue: $20 million compared to the $19.47 million average estimate based on two analysts.
Shares of Molina have returned -0.1% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Molina (MOH) Q3 Earnings
Molina (MOH - Free Report) reported $8.55 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 7.8%. EPS of $5.05 for the same period compares to $4.36 a year ago.
The reported revenue represents a surprise of +2.94% over the Zacks Consensus Estimate of $8.3 billion. With the consensus EPS estimate being $4.87, the EPS surprise was +3.70%.
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: 88.7% versus the five-analyst average estimate of 88.6%.
- MCR - Medicare: 92.4% versus 88.2% estimated by three analysts on average.
- MCR - Marketplace: 78.9% compared to the 84.4% average estimate based on three analysts.
- Ending Membership by Program - Total: 5,206 thousand compared to the 5,245.62 thousand average estimate based on three analysts.
- Ending Membership by Program - Medicaid: 4,757 thousand versus 4,829.63 thousand estimated by three analysts on average.
- Revenue- Premium revenue: $8.24 billion versus the five-analyst average estimate of $8.13 billion. The reported number represents a year-over-year change of +7.9%.
- Revenue- Premium tax revenue: $176 million compared to the $175.87 million average estimate based on five analysts. The reported number represents a change of -21.1% year over year.
- Revenue- Premium revenue- Medicare: $1.03 billion versus the three-analyst average estimate of $1.07 billion. The reported number represents a year-over-year change of +9%.
- Revenue- Premium revenue- Medicaid: $6.71 billion versus the three-analyst average estimate of $6.58 billion. The reported number represents a year-over-year change of +9.6%.
- Revenue- Premium revenue- Marketplace: $497 million versus $483.24 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -11.9% change.
- Revenue- Investment income: $112 million versus $72.59 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +128.6% change.
- Revenue- Other revenue: $20 million compared to the $19.47 million average estimate based on two analysts.
View all Key Company Metrics for Molina here>>>Shares of Molina have returned -0.1% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.