Molina Healthcare Expects 2024 Total Revenue Of $39.6B (Est $38.17B); Premium Revenue To Be ~$38B, An Increase Of 17% From 2023; Adjusted EPS Of >$23.50 (Est $23.57)
Portfolio Pulse from Benzinga Newsdesk
Molina Healthcare projects its 2024 total revenue to reach $39.6 billion, surpassing the estimated $38.17 billion. The company anticipates its premium revenue to hit around $38 billion, marking a 17% increase from 2023. However, its adjusted EPS is expected to be slightly below estimates at over $23.50, compared to the expected $23.57.

February 07, 2024 | 9:34 pm
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Molina Healthcare expects a significant revenue increase in 2024, with total revenue projected at $39.6 billion and premium revenue at $38 billion, a 17% increase from 2023. Adjusted EPS is expected to be slightly below the estimate at over $23.50.
The positive revenue forecast for Molina Healthcare, especially the significant 17% increase in premium revenue, indicates strong business growth and operational efficiency, likely leading to a positive investor sentiment. However, the slightly lower than expected adjusted EPS might temper some of the enthusiasm, but overall, the strong revenue growth is expected to have a more significant positive impact on the stock price in the short term.
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