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Humana Tops Q1 Earnings and Revenue Estimates

Humana (NYSE: HUM) came out with quarterly earnings of $7.23 per share, beating the Zacks Consensus Estimate of $6.02 per share. This compares to earnings of $9.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 20.10%. A quarter ago, it was expected that this health insurer would post a loss of $0.07 per share when it actually produced a loss of $0.11, delivering a surprise of -57.14%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Humana, which belongs to the Zacks Medical - HMOs industry, posted revenues of $29.33 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 2.55%. This compares to year-ago revenues of $26.74 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Humana shares have lost about ...