Categories Earnings, Health Care

Humana (NYSE: HUM): Q4 2019 Earnings Snapshot

— 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.

Earnings Update by AlphaStreet

— 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.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

One thought on “Humana (NYSE: HUM): Q4 2019 Earnings Snapshot

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top