— Humana Inc. (NYSE: HUM) reported its fourth-quarter 2019 adjusted earnings of $2.28 per share versus $2.20 per share expected.
— Revenues grew by 15% to $16.3 billion versus $16.19 billion expected.
— The unadjusted earnings jumped by 36% driven by the solid performance of medicare advantage business and healthcare services segment with further benefit from achieving significant operating cost efficiencies in 2019 as a result of previously implemented productivity initiatives.
— Revenues from the retail segment increased by 18% while that from group and specialty segment decreased by 2%. Revenue from healthcare services segment grew by 8%.
— Looking ahead into the full year 2020, the company expects unadjusted earnings of $17.76-18.26 per share and adjusted earnings of $18.25-18.75 per share. The consensus estimates EPS of $18.63.
— Humana expects 2020 to be another good year for the company with a solid top and bottom-line growth notwithstanding the return of the health insurance industry fee.
— The company reaffirmed 2020 individual Medicare Advantage membership growth outlook of 270,000 to 330,000 members, representing 7.5-9.2% growth over 2019.
— The company revised fiscal 2020 stand-alone PDP membership guidance to a decline of about 550,000 members from the previous expectation of about 600,000 member decline.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
Comments
Comments are closed.