HUM - Humana Tops Q1 Earnings and Revenue Estimates | Benzinga
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 ...