Molina Healthcare Reports Q3 Beat, Provides 2022 Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/MOH'>Molina Healthcare (NYSE:MOH)</a> reported its Q3 results last week, with EPS of $4.36 coming in better than the Street estimate of $4.20. Despite headwinds like COVID-related costs, higher utilization, and challenges from redetermination, the company reported EPS beat on consistent growth in rates and membership as well as improved operating performance.</p>
<p>Revenue was $7.93 billion, beating the Street estimate of $7.81 billion. Revenue growth of 12.6% year-over-year was driven by strong premium revenue from organic membership growth in Medicaid and acquisition contribution offset by slower growth in Medicare business.</p>
<p>For the full 2022 year, the company expects EPS of $17.75, compared to the Street estimate of $17.72, and revenue of $30.5 billion, compared to the Street estimate of $31.35 billion.</p>

NYSE:MOH