Molina Healthcare Inc reports results for the quarter ended September 30 - Earnings Summary

• Molina Healthcare Inc MOH.N reported quarterly adjusted earnings of 89 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.84. The mean expectation of twenty analysts for the quarter was for earnings of 74 cents per share. Wall Street expected results to range from 69 cents to 85 cents per share.

• Revenue fell 3.4% to $11.08 billion from a year ago; analysts expected $10.81 billion.

• Molina Healthcare Inc's reported EPS for the quarter was 73 cents​.

• The company reported quarterly net income of $38 million.

• Molina Healthcare Inc shares had risen by 16.2% this quarter and gained 26.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 38% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 16 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the managed healthcare peer group is "buy."

• Wall Street's median 12-month price target for Molina Healthcare Inc is $209.00, about 2.8% below its last closing price of $214.90

This summary was machine generated from LSEG data October 21 at 09:37 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)