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Aditya Sarawgi

Elevance Health's Quarterly Earnings Preview: What You Need to Know

Elevance Health Elevance ELV

Indianapolis-based Elevance Health, Inc. (ELV) operates as a health benefits company. With a market cap of $121.8 billion, Elevance Health operates through Health Benefits, CarelonRx, Carelon Services, and Corporate & Other segments. Its offerings include healthcare products, insurance products, managed care services, pharmacy services, and more. The healthcare giant is expected to announce its Q3 earnings on Wednesday, Oct. 16.

Ahead of the event, analysts expect Elevance Health to report a profit of $9.74 per share, up 8.3% from $8.99 per share reported in the year-ago quarter. Moreover, the company surpassed Wall Street’s EPS estimates in each of the past four quarters. Its EPS for the last reported quarter grew 11.9% year-over-year to $10.12, exceeding the consensus estimates by 1.3%.

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