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Dec 31, 2023
Molina Q4 2023 Earnings Report
Reported fourth quarter and year-end financial results, introducing full year 2024 revenue and earnings guidance.
Key Takeaways
Molina Healthcare reported GAAP earnings per diluted share of $3.70 and adjusted earnings per diluted share of $4.38 for Q4 2023. The company's full year 2023 GAAP earnings per diluted share was $18.77 and adjusted earnings per diluted share was $20.88.
The Company served approximately 5.0 million members as of December 31, 2023.
Premium revenue was approximately $32.5 billion for the full year 2023, an increase of 5% year over year.
GAAP net income was $18.77 per diluted share for the full year 2023, an increase of 39% year over year.
The Company issued its full year 2024 earnings guidance with expected premium revenue of approximately $38 billion and adjusted earnings of at least $23.50 per diluted share.
Revenue by Segment
Forward Guidance
Premium revenue for the full year is expected to be approximately $38 billion, an increase of approximately 17% from the full year 2023. The Company expects its full year adjusted earnings per share in 2024 to be at least $23.50 per share, representing approximately 13% growth over the full year 2023.
Positive Outlook
- Premium Revenue $38.0B
- Total Revenue $39.6B
- GAAP Net Income $1,278M
- Adjusted Net Income $1,366M
- Adjusted EPS – Diluted >$23.50
Challenges Ahead
- GAAP EPS – Diluted >$22.00
- Diluted weighted average shares 58.1M
- Year End Total Membership 5.7M
- Medicaid 5.1M
- Marketplace 370K
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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