Magellan Health, Inc. (NASDAQ:MGLN) healthcare management business firm, is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.1 per share.
For the full year, analysts predict revenues of $ 4501.83 million, while looking forward to income of $ 0.91 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 4,400.00 million ~ $ 4,600.00 million, where as bottomline are predicted in a range of $ 0.63 ~ $ 1.10 per share
Click Here For More Historical Outlooks Of Magellan Health, Inc.
Previous Quarter Performance
Magellan Health, Inc. revealed income for the second quarter of $ 0.84 per share, from the revenue of $ 1,100.00 million. The quarterly earnings 2.33 percent while revenues dropped 38.49 percent compared with the same quarter last year.
According to street consensus, MGLN was expected to report 2Q20 income of $ 0.82 per share from revenue of $ 1029.09 million. The bottom line results beat street analysts by $ 0.02 or 2.44 percent, at the same time, top line results outshined analysts by $ 70.91 million or 6.89 percent.
Stock Performance
Shares of Magellan Health, Inc. traded low $ -1.70 or -2.27 percent on Wednesday, reaching $ 73.12 with volume of 149.80 thousand shares. Magellan Health, Inc. has traded high as $ 73.83 and has cracked $ 71.48 on the downward trend
According to the previous trading day, closing price of $ 73.12, representing a 144.51 % increase from the 52 week low of $ 30.60 and a 7.68 % decrease over the 52 week high of $ 81.04.
The company has a market capital of $ 1.85 billion and is part of the Healthcare sector and Health Care Plans industry.
Conference Call
Magellan Health, Inc. will be hosting a conference call at 9:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.magellanhealth.com
Magellan Health, Inc. provides healthcare management services in the United States. The company operates in Healthcare and Pharmacy Management segments.
