Molina Healthcare Inc (NYSE:MOH) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MOH to report 3Q20 income of $ 2.16 per share.
For the full year, analysts anticipate top line of $ 18859.30 million, while looking forward to income of $ 11.91 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 18,800.00 million ~ $ 18,800.00 million, where as bottomline are predicted in a range of $ 11.20 ~ $ 11.70 per share
Click Here For More Historical Outlooks Of Molina Healthcare Inc
Previous Quarter Performance
Molina Healthcare Inc reported income for the second quarter of $ 4.79 per share, from the revenue of $ 4,618.00 million. The quarterly earnings developed 54.02 percent while revenues developed 10.14 percent compared with the same quarter last year.
Street analysts expected Molina Healthcare Inc to report income of $ 4.73 per share on revenue of $ 4719.37 million for the second quarter. The bottom line results beat street analysts by $ 0.06 or 1.27 percent, at the same time, top line results fell short of analysts by $ 101.37 million or 2.15 percent.
Stock Performance
Shares of Molina Healthcare Inc traded low $ -1.16 or -0.57 percent on Tuesday, reaching $ 203.87 with volume of 250.10 thousand shares. Molina Healthcare Inc has traded high as $ 205.67 and has cracked $ 199.37 on the downward trend
According to the previous trading day, closing price of $ 203.87, representing a 99.35 % increase from the 52 week low of $ 102.85 and a 4.91 % decrease over the 52 week high of $ 215.62.
The company has a market capital of $ 12.09 billion and is part of the Healthcare sector and Health Care Plans industry.
Recent Analyst recommendations
- On 1st September 2020, maintained by SVB Leerink at Outperform rating, with $ 228.00 target price.
Molina Healthcare, Inc., a multi-state healthcare organization, provides managed health care services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. As of December 31, 2018, it served approximately 3.8 million members in 14 states and the Commonwealth of Puerto Rico, who are eligible for Medicaid, Medicare, and other government-sponsored health care programs. The company offers its health care services for its members through contracts with a network of providers, including physicians and physician groups, hospitals, ancillary providers, and pharmacies.
