Molina Healthcare Third Quarter 2024 Earnings: Beats Expectations

Molina Healthcare (NYSE:MOH) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$9.83b (up 17% from 3Q 2023).
• Net income: US$326.0m (up 33% from 3Q 2023).
• Profit margin: 3.3% (up from 2.9% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$5.65 (up from US$4.24 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Molina Healthcare Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are up 12% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Molina Healthcare you should know about.

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