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Sep 30, 2022
Molina Q3 2022 Earnings Report
Reported strong financial results driven by membership growth and disciplined cost management.
Key Takeaways
Molina Healthcare reported strong third-quarter results, exceeding previous guidance for revenue and earnings. The company's performance reflects the successful execution of its growth strategy and effective cost management. Increased full-year 2022 revenue and earnings guidance.
Served approximately 5.2 million members, a 7% increase compared to the prior year.
Premium revenue increased by 12% compared to the third quarter of 2021.
GAAP earnings per diluted share increased by 61% and adjusted earnings per diluted share increased by 54% compared to the third quarter of 2021.
Increased full year 2022 premium revenue and adjusted earnings guidance.
Revenue by Segment
Forward Guidance
Molina Healthcare increased its full-year 2022 guidance for premium revenue to approximately $30.5 billion and adjusted earnings to at least $17.75 per diluted share.
Positive Outlook
- Third quarter outperformance
- Addition of the AgeWell acquisition
- Expected impact of the extension of the Public Health Emergency
- Expected margin on additional revenue resulting from the extension of the Public Health Emergency
- Higher expected net investment income
Challenges Ahead
- Higher expected G&A driven by fourth quarter marketing
- Open enrollment activities
- New contract wins
- Net effect of COVID decreased the third quarter of 2022 GAAP and adjusted EPS by $0.59 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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