Health Insurers Post Strong Q2 Revenue Beats

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

Health insurance providers reported strong second-quarter results, with the 12 tracked stocks beating revenue consensus estimates by 2.8% as a group. Humana posted revenues of $40.87 billion, up 26.2% year over year, exceeding expectations by 0.6%. CVS Health delivered the best quarter with revenues of $106.1 billion, up 7.3% and beating estimates by 6.7%, while Progyny was the weakest with revenues of $350.5 million, up 5.3% but missing next-quarter EBITDA guidance significantly. Oscar Health achieved the fastest revenue growth at 70.4% to $4.88 billion, and Centene topped estimates by 13.1% with revenues of $53.58 billion. Despite the beats, the group's stocks are down 5.8% on average since reporting.

Impact on stocks 5

Health Care± Mixed · 3 stocks
Centene Corp
CNC
▲ PositiveCapitalrelevance

Centene topped revenue estimates by 13.1% with revenues of $53.58 billion.

CVS Health Corp
CVS
▲ PositiveCapitalrelevance

CVS Health delivered the best quarter with revenues of $106.1 billion, beating estimates by 6.7%.

Progyny Inc
PGNY
▼ NegativeCapitalrelevance

Progyny was the weakest with revenues of $350.5 million, up 5.3% but missing next-quarter EBITDA guidance significantly.

Aging Population · 1 stocks
Humana Inc
HUM
▲ PositiveCapitalrelevance

Humana posted revenues of $40.87 billion, up 26.2% year over year, exceeding expectations by 0.6%.

Financials · 1 stocks
Oscar Health Inc
OSCR
▲ PositiveCapitalrelevance

Oscar Health achieved the fastest revenue growth at 70.4% to $4.88 billion.