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Mar 31, 2022
Molina Q1 2022 Earnings Report
Molina Healthcare reported first quarter earnings with GAAP EPS of $4.39 and adjusted EPS of $4.90.
Key Takeaways
Molina Healthcare reported strong first quarter results, with premium revenue increasing by 19% compared to the first quarter of 2021. GAAP earnings were $4.39 per diluted share, and adjusted earnings were $4.90 per diluted share. The company increased its full year 2022 premium revenue and adjusted earnings guidance.
Served approximately 5.1 million members, a 10% increase compared to March 31, 2021.
Premium revenue was approximately $7.5 billion, a 19% increase compared to the first quarter of 2021.
GAAP earnings were $4.39 per diluted share.
Adjusted earnings were $4.90 per diluted share.
Revenue by Segment
Forward Guidance
The Company increased its full year 2022 premium revenue guidance to approximately $29.25 billion and adjusted earnings guidance to no less than $17.10 per diluted share.
Positive Outlook
- Strong first quarter 2022 performance
- Expected underlying business strength in the rest of the year
- Margin associated with the increase in premium revenue guidance
- Extension of the Public Health Emergency from April to July
- Higher Marketplace membership
Challenges Ahead
- A $0.50 per diluted share increase in projected net effect of COVID
- Temporary labor challenges
- One-time items
- Timing differences in government receivables and payables
- Net effect of COVID decreased net income by approximately $0.57 per diluted share
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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