Want to see HUM full AI Analyst Report?
Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
7.23Last Year’s EPS
6.27Same Quarter Last Year
Based on 19 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed constructive progress on strategic priorities — membership growth, CenterWell expansion, balance sheet improvements, operational transformation, and measured Stars progress — while candidly acknowledging persistent headwinds: medical cost trend outpacing funding, elevated early-year reserves, potential put-option cash exposure, and the need to consider benefit adjustments in 2027. Management emphasized prudence in reserving, disciplined bidding, and multiple levers (operational improvements, M&A, pricing) to meet the 2028 margin objective.Company Guidance
On-Track to Investor Day Commitments
Management reiterated they are on track to meet Investor Day commitments, targeting a sustainable Medicare Advantage margin of at least 3% in 2028 and making progress in 2027.
Doubling Individual MA Margin in 2026 (Adjusted for Stars)
Company expects to double individual Medicare Advantage margin in 2026 (adjusted for Stars), demonstrating meaningful margin improvement versus prior periods (management reiterated this as a core target).
Membership and Medicaid Growth
Medicaid membership grew by approximately 50,000 lives driven by January program starts in Michigan, Illinois and South Carolina; overall Medicare Advantage membership trajectory described as 'on track' by management.
CenterWell Growth and Strategic M&A
CenterWell reported strong growth across businesses: primary care patients grew ~110,000 sequentially (22.5% sequential growth). Humana completed acquisition of Max Health to expand CenterWell reach; CenterWell also expanding agnostic pharmacy and home businesses.
Stars & Quality Momentum
Company remains confident on returning to top-quartile Stars by BY'28; early BY'29 efforts are translating to improved activation and outcomes — Q1 GAAP HEDIS closure pace on certain metrics is ~5% ahead of last year on a per-member basis.
Balance Sheet and Liquidity Enhancements
Executed $1.0 billion junior subordinated notes in March; used subsidiary reinsurance and legal entity changes to mitigate over $3.0 billion in 2026 capital contribution requirements; maintaining dividend levels and limiting buybacks to offset dilution while pursuing noncore divestitures.
Prudent Reserving and Improved Claims Monitoring
IBNR and claims monitoring practices were managed prudently early in the year; management enhanced anomaly detection and first-time payment accuracy to detect and react to trends faster, improving visibility into cost trends and payment integrity.
Operational Efficiency Initiatives
Progress on operating model changes including centralization, increased outsourcing and automation; a transformation office has been stood up to track initiatives, provide surge resources, and accelerate execution of cost and process improvements.
HUM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HUM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $229.18 | $242.55 | +5.83% |
Feb 11, 2026 | $179.96 | $174.10 | -3.25% |
Nov 05, 2025 | $278.83 | $262.08 | -6.01% |
Jul 30, 2025 | $229.31 | $257.75 | +12.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Humana (HUM) report earnings?
Humana (HUM) is schdueled to report earning on Jul 29, 2026, Before Open (Confirmed).
What is Humana (HUM) earnings time?
Humana (HUM) earnings time is at Jul 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HUM EPS forecast?
HUM EPS forecast for the fiscal quarter 2026 (Q2) is 7.23.
