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Compared to Estimates, Humana (HUM) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2024, Humana (HUM - Free Report) reported revenue of $29.3 billion, up 14.8% over the same period last year. EPS came in at $4.16, compared to $7.78 in the year-ago quarter.
The reported revenue represents a surprise of +2.24% over the Zacks Consensus Estimate of $28.66 billion. With the consensus EPS estimate being $3.48, the EPS surprise was +19.54%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Humana performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Benefits Expense Ratio - Consolidated: 89.9% versus 90% estimated by seven analysts on average.
Medical Membership - Group Medicare Advantage: 546.7 thousand versus the five-analyst average estimate of 547.91 thousand.
Medical Membership - Medicare stand-alone PDP: 2.32 million compared to the 2.3 million average estimate based on five analysts.
Medical Membership - Individual Medicare Advantage: 5.66 million compared to the 5.61 million average estimate based on five analysts.
Revenues- Premiums: $27.95 billion versus $27.28 billion estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +11.4% change.
Revenues- Investment income (loss): $343 million compared to the $303.08 million average estimate based on nine analysts. The reported number represents a change of +11.4% year over year.
Revenues- Services: $1.10 billion compared to the $1.06 billion average estimate based on eight analysts. The reported number represents a change of +8.6% year over year.
Revenue- CenterWell: $5.04 billion versus $4.84 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8.2% change.
Total Intersegment Revenues- Eliminations/Corporate: -$4.17 billion compared to the -$4.06 billion average estimate based on five analysts. The reported number represents a change of +6.7% year over year.
CenterWell segment- Total Intersegment revenues: $4.16 billion versus $4.05 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change.
CenterWell segment-Total Services revenue- External: $877 million compared to the $799.21 million average estimate based on five analysts. The reported number represents a change of +15.6% year over year.
Revenues- Consolidated- Premiums- Specialty benefits: $238 million versus the five-analyst average estimate of $239.55 million. The reported number represents a year-over-year change of -5.6%.
Shares of Humana have returned -7.8% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Humana (HUM) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2024, Humana (HUM - Free Report) reported revenue of $29.3 billion, up 14.8% over the same period last year. EPS came in at $4.16, compared to $7.78 in the year-ago quarter.
The reported revenue represents a surprise of +2.24% over the Zacks Consensus Estimate of $28.66 billion. With the consensus EPS estimate being $3.48, the EPS surprise was +19.54%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Humana performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Benefits Expense Ratio - Consolidated: 89.9% versus 90% estimated by seven analysts on average.
- Medical Membership - Group Medicare Advantage: 546.7 thousand versus the five-analyst average estimate of 547.91 thousand.
- Medical Membership - Medicare stand-alone PDP: 2.32 million compared to the 2.3 million average estimate based on five analysts.
- Medical Membership - Individual Medicare Advantage: 5.66 million compared to the 5.61 million average estimate based on five analysts.
- Revenues- Premiums: $27.95 billion versus $27.28 billion estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +11.4% change.
- Revenues- Investment income (loss): $343 million compared to the $303.08 million average estimate based on nine analysts. The reported number represents a change of +11.4% year over year.
- Revenues- Services: $1.10 billion compared to the $1.06 billion average estimate based on eight analysts. The reported number represents a change of +8.6% year over year.
- Revenue- CenterWell: $5.04 billion versus $4.84 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8.2% change.
- Total Intersegment Revenues- Eliminations/Corporate: -$4.17 billion compared to the -$4.06 billion average estimate based on five analysts. The reported number represents a change of +6.7% year over year.
- CenterWell segment- Total Intersegment revenues: $4.16 billion versus $4.05 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change.
- CenterWell segment-Total Services revenue- External: $877 million compared to the $799.21 million average estimate based on five analysts. The reported number represents a change of +15.6% year over year.
- Revenues- Consolidated- Premiums- Specialty benefits: $238 million versus the five-analyst average estimate of $239.55 million. The reported number represents a year-over-year change of -5.6%.
View all Key Company Metrics for Humana here>>>Shares of Humana have returned -7.8% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.