Clover Health leads health insurance providers with 62% revenue growth in Q1

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Health insurance providers reported strong first-quarter results, with revenues beating analyst consensus estimates by 1.4% on average. Clover Health stood out with revenue of $749.2 million, up 62% year over year and exceeding expectations by 4.8%, while also raising full-year EBITDA guidance. CVS Health posted the biggest beat, with revenue of $100.4 billion, up 6.2% and surpassing estimates by 6.3%. Centene reported $49.94 billion in revenue, up 7.1% and beating by 6.2%, though it lost 1.36 million customers. Molina Healthcare's revenue declined 3.1% to $10.8 billion, missing full-year guidance, and Cencora's revenue of $78.36 billion fell short of estimates by 3.9%. Since reporting, Clover Health's stock has surged 101%, while the group's shares are up 41.9% on average.

Impact on stocks 5

Health Care± Mixed · 4 stocks
Cencora Inc.
COR
▼ NegativeDemandrelevance

Revenue of $78.36 billion fell short of estimates by 3.9%.

CVS Health Corp
CVS
▲ PositiveDemandrelevance

Revenue of $100.4 billion beat estimates by 6.3%, up 6.2% YoY.

Centene Corp
CNC
± MixedDemandrelevance

Revenue beat estimates by 6.2% but lost 1.36 million customers, mixed signal.

Aging Population · 1 stocks