We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Insights Into Molina (MOH) Q3: Wall Street Projections for Key Metrics
Read MoreHide Full Article
In its upcoming report, Molina (MOH - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $5.96 per share, reflecting an increase of 18% compared to the same period last year. Revenues are forecasted to be $9.96 billion, representing a year-over-year increase of 16.5%.
The consensus EPS estimate for the quarter has been revised 1.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Molina metrics that are commonly tracked and forecasted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue- Premium tax revenue' will likely reach $285.17 million. The estimate suggests a change of +62% year over year.
The collective assessment of analysts points to an estimated 'Revenue- Premium revenue' of $9.59 billion. The estimate points to a change of +16.4% from the year-ago quarter.
Analysts forecast 'Revenue- Investment income' to reach $117.08 million. The estimate points to a change of +4.5% from the year-ago quarter.
The consensus estimate for 'Revenue- Other revenue' stands at $21.27 million. The estimate suggests a change of +6.3% year over year.
Analysts expect 'MCR - Total' to come in at 88.4%. The estimate compares to the year-ago value of 88.7%.
Based on the collective assessment of analysts, 'MCR - Medicare' should arrive at 88.3%. Compared to the present estimate, the company reported 92.4% in the same quarter last year.
The average prediction of analysts places 'MCR - Marketplace' at 82.0%. The estimate is in contrast to the year-ago figure of 78.9%.
Analysts' assessment points toward 'Ending Membership by Program - Total' reaching 5,637.95 thousand. The estimate is in contrast to the year-ago figure of 5.21 million.
The consensus among analysts is that 'Ending Membership by Program - Medicaid' will reach 5,019.12 thousand. Compared to the present estimate, the company reported 4.76 million in the same quarter last year.
Analysts predict that the 'Ending Membership by Program - Medicare' will reach 254.69 thousand. The estimate is in contrast to the year-ago figure of 173 thousand.
According to the collective judgment of analysts, 'Ending Membership by Program - Marketplaces' should come in at 364.15 thousand. The estimate is in contrast to the year-ago figure of 276 thousand.
It is projected by analysts that the 'MCR - Medicaid' will reach 88.8%. The estimate is in contrast to the year-ago figure of 88.8%.
Over the past month, Molina shares have recorded returns of -17.6% versus the Zacks S&P 500 composite's +4.5% change. Based on its Zacks Rank #3 (Hold), MOH will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Insights Into Molina (MOH) Q3: Wall Street Projections for Key Metrics
In its upcoming report, Molina (MOH - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $5.96 per share, reflecting an increase of 18% compared to the same period last year. Revenues are forecasted to be $9.96 billion, representing a year-over-year increase of 16.5%.
The consensus EPS estimate for the quarter has been revised 1.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Molina metrics that are commonly tracked and forecasted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue- Premium tax revenue' will likely reach $285.17 million. The estimate suggests a change of +62% year over year.
The collective assessment of analysts points to an estimated 'Revenue- Premium revenue' of $9.59 billion. The estimate points to a change of +16.4% from the year-ago quarter.
Analysts forecast 'Revenue- Investment income' to reach $117.08 million. The estimate points to a change of +4.5% from the year-ago quarter.
The consensus estimate for 'Revenue- Other revenue' stands at $21.27 million. The estimate suggests a change of +6.3% year over year.
Analysts expect 'MCR - Total' to come in at 88.4%. The estimate compares to the year-ago value of 88.7%.
Based on the collective assessment of analysts, 'MCR - Medicare' should arrive at 88.3%. Compared to the present estimate, the company reported 92.4% in the same quarter last year.
The average prediction of analysts places 'MCR - Marketplace' at 82.0%. The estimate is in contrast to the year-ago figure of 78.9%.
Analysts' assessment points toward 'Ending Membership by Program - Total' reaching 5,637.95 thousand. The estimate is in contrast to the year-ago figure of 5.21 million.
The consensus among analysts is that 'Ending Membership by Program - Medicaid' will reach 5,019.12 thousand. Compared to the present estimate, the company reported 4.76 million in the same quarter last year.
Analysts predict that the 'Ending Membership by Program - Medicare' will reach 254.69 thousand. The estimate is in contrast to the year-ago figure of 173 thousand.
According to the collective judgment of analysts, 'Ending Membership by Program - Marketplaces' should come in at 364.15 thousand. The estimate is in contrast to the year-ago figure of 276 thousand.
It is projected by analysts that the 'MCR - Medicaid' will reach 88.8%. The estimate is in contrast to the year-ago figure of 88.8%.
View all Key Company Metrics for Molina here>>>
Over the past month, Molina shares have recorded returns of -17.6% versus the Zacks S&P 500 composite's +4.5% change. Based on its Zacks Rank #3 (Hold), MOH will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>