Molina HealthcareNYSE: MOH

Molina Healthcare (MOH) saw its shares jump by 18%, making it one of the best performers in the S&P 500 on Thursday, following a report of better-than-expected earnings. The strong results were largely due to higher premium revenue from government-supported Medicaid plans.

MOH's results for the third quarter improved due to an increase in membership and higher premiums, although this was somewhat balanced out by increasing costs.

Molina Healthcare, Inc. (NYSE:MOH) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 8:00 AM ET. The call will feature company representatives including Jeffrey Geyer, Joe Zubretsky, and Mark Keim, along with various analysts from different financial institutions. The operator will begin the call by welcoming everyone to the discussion about Molina Healthcare's performance in the third quarter.

The main figures for Molina (MOH) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be helpful to compare some important metrics with Wall Street predictions and the results from the same period last year.

Molina (MOH) reported quarterly earnings of $6.01 per share, which is higher than the Zacks Consensus Estimate of $5.96 per share. This is an increase compared to earnings of $5.05 per share from the same time last year.

In addition to looking at analysts' predictions for Molina's (MOH) revenue and profits, it's important to assess forecasts for some of its main metrics. This will help us understand how the company may have performed in the quarter that ended in September 2024.

MOH's earnings for the third quarter are expected to have increased due to rising premiums, although this may be partly balanced out by higher costs.

Increasing medical expenses and low profits from companies such as Elevance Health and UnitedHealth have worried investors, affecting Molina's stock. The upcoming Q3 earnings for MOH may face challenges if industry trends continue. However, the company's strategy of buying smaller insurance firms presents an attractive growth opportunity for investors.

LINCOLN, Neb.--(BUSINESS WIRE)--The MolinaCares Accord, along with Molina Healthcare of Nebraska, has given a $50,000 grant aimed at enhancing health results for mothers and young people living in poverty.