HUM - Humana beats to and bottom Q2 estimates raises FY guidance
2023-08-02 06:31:58 ET
- Humana press release ( HUM ): Q2 Non-GAAP EPS of $8.94 beats by $0.11 .
- Revenue of $26.75B (+12.8% Y/Y) beats by $530M .
- Reports 2Q23 earnings per share ( EPS ) of $7.66 on a GAAP basis, Adjusted EPS of $8.94; reports YTD 2023 EPS of $17.54 on a GAAP basis, $18.32 on an Adjusted basis
- Revises FY 2023 EPS guidance to 'at least $26.91' on a GAAP basis, affirms FY 2023 Adjusted EPS of 'at least $28.25'
- Raises 2023 individual Medicare Advantage membership growth by 50,000 to 'approximately 825,000', or 18 percent growth over FY 2022 ending membership, meaningfully higher than industry growth
- Highlights stabilizing Medicare Advantage utilization environment based on most recent claims activity; affirms FY 2023 Insurance segment benefit expense ratio guidance range of 86.3% to 87.3%
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Humana beats to and bottom Q2 estimates, raises FY guidance