Humana IncHUM
▲ PositiveCapitalrelevance
Revenue and EPS beat estimates, with revenue up 26.2% and EPS above consensus.
Impact on stocks 1
Aging Population
Humana IncHumana Q2 revenue rises 26.2% to $40.89 billion, beating estimates
Earnings
Humana reported second-quarter revenue of $40.89 billion, a 26.2% increase from a year earlier, surpassing the Zacks Consensus Estimate of $40.65 billion. Earnings per share came in at $7.61, well above the $6.22 consensus and up from $6.27 a year ago. The consolidated benefit ratio was 91.1%, slightly better than the 91.2% estimate, while the consolidated operating cost ratio of 9.8% was higher than the 9.6% forecast. Individual Medicare Advantage medical membership totaled 6.45 million, just shy of the 6.49 million estimate, and state-based contracts and other membership was 1.6 million versus the 1.62 million estimate. Total premiums revenue reached $38.83 billion, exceeding the $38.59 billion estimate, and total services revenue was $1.78 billion, above the $1.71 billion forecast.
Humana IncRevenue and EPS beat estimates, with revenue up 26.2% and EPS above consensus.