Bulletin
Investor Alert

Market Pulse Archives

Nov. 3, 2021, 6:47 a.m. EDT

Humana beats profit expectations but misses on revenue, cuts full-year outlook

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Humana Inc. (HUM)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Humana Inc. /zigman2/quotes/203095337/composite HUM +1.99% reported Wednesday third-quarter profit that beat expectations but revenue that missed, and cut its full-year earnings outlook after a revised outlook Medicare Advantage utilization in the fourth quarter. The health care services company's stock was still inactive in premarket trading. Net income fell to $1.64 billion, or $11.84 a share, from $1.76 billion, or $10.05 a share, in the year-ago period. Excluding nonrecurring items, such as gain on Kindred at Home investment, adjusted earnings per share rose to $4.83 from $3.08 and beat the FactSet consensus of $4.66. Revenue rose 3.1% to $20.70 billion but was below the FactSet consensus of $20.90 billion. The company said it now expects overall fourth-quarter Medicare Advantage utilization to be 1.0% below baseline, compared with the guidance provided in September to be 2.5% below baseline. With the new outlook, the company said it now expects 2021 adjusted EPS to be approximately $20.50, down from previous guidance of $21.25 to $21.75. The stock has rallied 7.4% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +2.47% has gained 4.7%.

/zigman2/quotes/203095337/composite
US : U.S.: NYSE
$ 461.21
+8.99 +1.99%
Volume: 522,514
May 27, 2022 4:03p
P/E Ratio
19.56
Dividend Yield
0.68%
Market Cap
$57.20 billion
Rev. per Employee
$901,889
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,158.24
+100.40 +2.47%
Volume: 2.17B
May 27, 2022 5:49p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.