Molina Healthcare (MOH)
NYSE:MOH
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.47Last Year’s EPS
5.48Same Quarter Last Year
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed but ultimately balanced picture: solid first-quarter operating and financial results (EPS beat, disciplined medical cost performance, strong cash flow, progress on Medicare duals, and a major new contract) were offset by meaningful near-term challenges (higher Medicaid membership attrition, thin Medicaid margins, MAPD drag and exit, elevated leverage, and ongoing regulatory uncertainty). Management is cautiously optimistic — reaffirming full-year guidance while seeking additional confirmation in Q2 before raising targets and emphasizing prudent execution on new large implementations.Company Guidance
Strong First Quarter Financials
Reported adjusted EPS of $2.35 and $10.2 billion of premium revenue for Q1 2026; consolidated medical cost ratio (MCR) of 91.1% and adjusted pretax margin of 1.6% for the quarter.
Reaffirmed Full-Year Guidance
Reaffirmed full-year 2026 guidance of approximately $42 billion in premium revenue and at least $5.00 in adjusted EPS.
Improving Medical Trend vs. 2025
Management expects 5% medical cost trend for 2026 versus a reported 7.5% trend in 2025 that included ~250 basis points of acuity shift; Q1 results were modestly favorable to expectations and annualized Q1 trend would be slightly better than the 5% assumption.
Medicare Duals & Integrated Product Progress
Medicare Q1 MCR was 89.8%; transition of MMP members to new integrated FIDE/HIDE products completed successfully and performance so far exceeded initial expectations (noted as an early positive for duals strategy).
Marketplace Membership Quality and Margin Focus
Marketplace membership at 305,000 (slightly above prior guidance) with 70% renewals and a concentrated silver-tier book (approx. 50% silver), supporting greater stability and predictability; Q1 Marketplace MCR 84% (adjusted to ~79.5% excluding prior-year impacts).
Solid Cash Flow and Parent Liquidity Plan
Operating cash flow of $1.1 billion in Q1 and $35 million in subsidiary dividends harvested; parent cash balance ~$213 million in Q1 with management guidance that parent cash could exceed ~$600 million by year-end based on expected dividends.
Large New Contract Win (Florida Kids) and Embedded Earnings
Florida CMS (Florida Kids) implementation underway with an estimated $6 billion run-rate program; embedded earnings cited as a driver of future value (management referenced ~$2.50 of embedded earnings and noted implementation costs this year that will contribute positively in 2027).
Balance Sheet and Reserve Position
Debt was 6.1x trailing 12-month EBITDA and debt-to-cap ~48%; management described capital foundation as strong, with continued reserve strength and confidence in actuarial processes.
MOH 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
MOH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $153.00 | $174.70 | +14.18% |
Feb 05, 2026 | $176.84 | $131.72 | -25.51% |
Jul 23, 2025 | $190.25 | $158.22 | -16.84% |
Jul 23, 2025 | $190.25 | $158.22 | -16.84% |
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 Molina Healthcare (MOH) report earnings?
Molina Healthcare (MOH) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Molina Healthcare (MOH) earnings time?
Molina Healthcare (MOH) earnings time is at Jul 29, 2026, After Close (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 MOH EPS forecast?
MOH EPS forecast for the fiscal quarter 2026 (Q2) is 1.47.
