Molina Healthcare Inc reports results for the quarter ended in March - Earnings Summary

• Molina Healthcare Inc MOH reported quarterly adjusted earnings of $5.73​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $5.81. The mean expectation of sixteen analysts for the quarter was for earnings of $5.59 per share. Wall Street expected results to range from $5.21 to $6.36 per share.

• Revenue rose 21.9% to $9.93 billion from a year ago; analysts expected $9.44 billion.

• Molina Healthcare Inc's reported EPS for the quarter was $5.17​.

• The company reported quarterly net income of $301 million.

• Molina Healthcare Inc shares had fallen by 11.6% this quarter and gained 0.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.8% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the managed healthcare peer group is also "hold"

Wall Street's median 12-month price target for Molina Healthcare Inc is $418.36

This summary was machine generated from LSEG data April 24 at 09:40 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)