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Neha Panjwani

What to Expect From Molina Healthcare’s Next Quarterly Earnings Report

Molina Healthcare, Inc. (MOH), headquartered in Long Beach, California, provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. Valued at $19.4 billion by market cap, the company offers health plans in California, Washington, Utah, and Michigan, as well as primary care clinics located in Northern and Southern California. The leading provider of managed healthcare services is expected to announce its fiscal third-quarter earnings for 2024 after the market closes on Wednesday, Oct. 23.

Ahead of the event, analysts expect MOH to report a profit of $6.02 per share on a diluted basis, up 19.2% from $5.05 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. Driven by new contract wins, strategic acquisitions, and expanded existing operations, MOH’s premium revenue surged in the prior quarter.

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