Elevance Health Beat Street Estimates On Q2 Profit And Revenue, Sticks To Annual Guidance
Portfolio Pulse from Vandana Singh
Elevance Health Inc. (NYSE: ELV) reported Q2 revenues of $43.2 billion, slightly above expectations, with a 24% profit increase. Despite a 5% drop in medical membership, the company maintained its annual guidance. ELV shares are down 3.82% in premarket trading.
July 17, 2024 | 1:22 pm
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Elevance Health reported Q2 revenues of $43.2 billion, slightly above expectations, with a 24% profit increase. Despite a 5% drop in medical membership, the company maintained its annual guidance. ELV shares are down 3.82% in premarket trading.
Elevance Health's Q2 results were slightly above expectations, with a significant profit increase. However, the drop in medical membership and the premarket decline in share price suggest a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The article mentions that Elevance Health is less exposed to Medicare Advantage plans compared to Humana, which could imply a different risk profile.
The mention of Humana is passive and does not directly impact its stock price. The comparison highlights different risk profiles but does not provide new information affecting HUM's short-term performance.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
The article mentions that Elevance Health is less exposed to Medicare Advantage plans compared to UnitedHealth Group, which could imply a different risk profile.
The mention of UnitedHealth Group is passive and does not directly impact its stock price. The comparison highlights different risk profiles but does not provide new information affecting UNH's short-term performance.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20