Humana Boosts FY22 Adj. EPS Outlook - Update

While reporting financial results for the second quarter on Wednesday, health insurer Humana Inc. (HUM) raised its adjusted earnings guidance for the full-year 2022 to reflect lower utilization of core individual Medicare Advantage business trends and lack of COVID-19 headwind.

For fiscal 2022, the company now projects earnings of about $20.30 per share and adjusted earnings of about $24.75 per share.

Previously, the company expected earnings of about $22.98 per share and adjusted earnings of about $24.50 per share.

On average, 25 analysts polled by Thomson Reuters expect the company to report earnings of $24.63 per share for the year. Analysts' estimates typically exclude special items.

The company still expects individual Medicare Advantage membership growth in the range of approximately 150,000 to 200,000 members.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ride-hailing and delivery platform Uber Technologies, Inc. reported Wednesday weak profit in its fourth quarter, while adjusted EBITDA surged from last year with strong revenue growth above market view. Gross bookings increased and the company projects higher gross bookings in the first quarter. Nelson Chai, CFO, said the company significantly exceeded profitability outlook in 2022, ... Societe Generale Group reported Wednesday a weak profit in its fourth quarter, despite higher net banking income. Further, the French Financial services major proposed a dividend and around 440 million euros share buyback program. The company also confirmed fiscal 2025 financial targets. City of Industry, California-based Titans Global Inc. is recalling certain JSJ branded cakes citing potential to contain undeclared eggs, a known allergen, the U.S. Food and Drug Administration said. The recall involves its 95g packages of JSJ Chocolate Cake, JSJ ZSR Cake, and JSJ DMC Leaf Cake food treats.
Follow RTT