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What Analyst Projections for Key Metrics Reveal About Molina (MOH) Q3 Earnings
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In its upcoming report, Molina (MOH - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.72 per share, reflecting a decline of 60.9% compared to the same period last year. Revenues are forecasted to be $10.93 billion, representing a year-over-year decrease of 4.8%.
The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Molina metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenue- Premium revenue- Marketplace' should come in at $570.00 million. The estimate points to a change of -52.4% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Premium tax revenue' will reach $509.00 million. The estimate indicates a year-over-year change of +0.6%.
Analysts forecast 'Revenue- Premium revenue- Medicaid' to reach $8.16 billion. The estimate indicates a change of +1.9% from the prior-year quarter.
Analysts predict that the 'Revenue- Premium revenue- Medicare' will reach $1.57 billion. The estimate points to a change of -2.6% from the year-ago quarter.
It is projected by analysts that the 'MCR - Medicaid' will reach 93.0%. The estimate compares to the year-ago value of 92.0%.
The consensus estimate for 'MCR - Medicare' stands at 92.8%. Compared to the present estimate, the company reported 93.6% in the same quarter last year.
Analysts expect 'MCR - Marketplace' to come in at 93.3%. The estimate is in contrast to the year-ago figure of 95.6%.
Analysts' assessment points toward 'Ending Membership by Program - Total' reaching 4.91 million. The estimate compares to the year-ago value of 5.63 million.
The average prediction of analysts places 'Ending Membership by Program - Medicaid' at 4.42 million. The estimate is in contrast to the year-ago figure of 4.64 million.
Based on the collective assessment of analysts, 'Ending Membership by Program - Medicare' should arrive at 227.20 thousand. Compared to the present estimate, the company reported 266.00 thousand in the same quarter last year.
The combined assessment of analysts suggests that 'Ending Membership by Program - Marketplaces' will likely reach 264.05 thousand. The estimate is in contrast to the year-ago figure of 713.00 thousand.
The collective assessment of analysts points to an estimated 'MCR - Total' of 93.0%. The estimate compares to the year-ago value of 92.6%.
Over the past month, Molina shares have recorded returns of +6.3% versus the Zacks S&P 500 composite's +0.7% change. Based on its Zacks Rank #4 (Sell), MOH will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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What Analyst Projections for Key Metrics Reveal About Molina (MOH) Q3 Earnings
In its upcoming report, Molina (MOH - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.72 per share, reflecting a decline of 60.9% compared to the same period last year. Revenues are forecasted to be $10.93 billion, representing a year-over-year decrease of 4.8%.
The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Molina metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenue- Premium revenue- Marketplace' should come in at $570.00 million. The estimate points to a change of -52.4% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Premium tax revenue' will reach $509.00 million. The estimate indicates a year-over-year change of +0.6%.
Analysts forecast 'Revenue- Premium revenue- Medicaid' to reach $8.16 billion. The estimate indicates a change of +1.9% from the prior-year quarter.
Analysts predict that the 'Revenue- Premium revenue- Medicare' will reach $1.57 billion. The estimate points to a change of -2.6% from the year-ago quarter.
It is projected by analysts that the 'MCR - Medicaid' will reach 93.0%. The estimate compares to the year-ago value of 92.0%.
The consensus estimate for 'MCR - Medicare' stands at 92.8%. Compared to the present estimate, the company reported 93.6% in the same quarter last year.
Analysts expect 'MCR - Marketplace' to come in at 93.3%. The estimate is in contrast to the year-ago figure of 95.6%.
Analysts' assessment points toward 'Ending Membership by Program - Total' reaching 4.91 million. The estimate compares to the year-ago value of 5.63 million.
The average prediction of analysts places 'Ending Membership by Program - Medicaid' at 4.42 million. The estimate is in contrast to the year-ago figure of 4.64 million.
Based on the collective assessment of analysts, 'Ending Membership by Program - Medicare' should arrive at 227.20 thousand. Compared to the present estimate, the company reported 266.00 thousand in the same quarter last year.
The combined assessment of analysts suggests that 'Ending Membership by Program - Marketplaces' will likely reach 264.05 thousand. The estimate is in contrast to the year-ago figure of 713.00 thousand.
The collective assessment of analysts points to an estimated 'MCR - Total' of 93.0%. The estimate compares to the year-ago value of 92.6%.
View all Key Company Metrics for Molina here>>>Over the past month, Molina shares have recorded returns of +6.3% versus the Zacks S&P 500 composite's +0.7% change. Based on its Zacks Rank #4 (Sell), MOH will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .