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Molina Healthcare (MOH)
NYSE:MOH
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.66Last Year’s EPS
6.08Same Quarter Last Year
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced demonstrable long-term growth achievements (large new Medicaid wins, high RFP win rates, a sizable embedded earnings backlog > $11/share, and a strong RFP pipeline) against meaningful near-term financial headwinds (a large EPS miss, California retro adjustments, elevated 2025 medical cost trend, Medicare product issues, and liquidity/operational cash flow pressures). Management provided conservative 2026 guidance (~$42B revenue, EPS at least $5) that factors in known startup and product exit costs while highlighting upside levers (rate restorations, trend moderation, and conservative pricing in Medicare/Marketplace). Given the company’s sizable strategic wins and embedded earnings potential but material short-term earnings and cash challenges, the tone is cautious and balanced.Company Guidance
Full-Year Premium Revenue and YoY Growth
Reported full-year premium revenue of $43.1 billion, representing 11% year-over-year growth; Q4 premium revenue was $10.7 billion.
Embedded Earnings and RFP Pipeline
Embedded earnings increased to over $11.00 per share (from $8.65), including a $4.50 contribution from the Florida CMS win; active RFP pipeline of ~$50 billion of opportunities.
Major Medicaid Contract Wins
Historic Florida Children's Medical Services contract (~$6 billion annual run-rate) plus wins/renewals (e.g., Wisconsin), with Georgia and Texas additions — combined new/announced Medicaid premium > $9 billion.
High RFP Win Rates
Achieved ~90% win rate on renewals representing $14 billion retained revenue and ~80% win rate on new contracts representing $20 billion of new revenue.
Medicaid Business Scale and Relative Margin Strength
Flagship Medicaid represents ~75% of premium; full-year Medicaid pretax margin 2.8% with reported Medicaid MCR 91.8% (Q4 reported 93.5%, adjusted 92.3% after removing retro items); management states Medicaid margins are industry-leading by 300-400 bps vs peers.
2026 Guidance with Underlying Earnings Disclosure
2026 guidance: premium revenue ~ $42 billion and adjusted EPS at least $5; management reports underlying EPS (after known one-time burdens) of ~ $7.50 per share, and highlights 3 upside levers (moderating Medicaid trend, off-cycle rate adjustments, Medicare/Marketplace upside).
Balance Sheet and Capital Actions
Harvested ~$337 million of subsidiary dividends; parent company cash ~$223 million; RBC ratio 305% ( >50% above state minimums); closed $850 million senior notes due 2031; debt = 3.7x TTM EBITDA; debt-to-cap ~49%.
Operational Discipline on G&A
Adjusted G&A ratio improved modestly: 6.9% in Q4 and 6.5% for full year; 2026 guidance targets 6.4% reflecting cost management and some implementation offsets.
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 |
|---|---|---|---|
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% |
Apr 23, 2025 | $332.00 | $313.81 | -5.48% |
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 Apr 29, 2026, After Close (Confirmed).
What is Molina Healthcare (MOH) earnings time?
Molina Healthcare (MOH) earnings time is at Apr 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 (Q1) is 2.66.
