Humana Stock Performance and Earnings Report Analysis
Wednesday, 24 April 2024, 23:15
Humana Stock Performance Overview
An earnings report showing growth in key categories wasn't enough to lift investor sentiment on the company. Humana (NYSE: HUM) stock has not been a favorite of investors this year, and the health insurer's first-quarter earnings report published Wednesday morning did nothing to change that.
Revenue and Net Income Trends
- For the quarter, Humana's revenue according to non-GAAP (adjusted) standards totaled $29.6 billion, a 14% increase year-over-year.
- Adjusted net income fell by 23% to just under $1.2 billion ($7.31 per share).
Market Guidance and Outlook
Profitability guidance reaffirmation below analyst estimates and lack of revenue forecast impacted investor sentiment. Considerations about investing in Humana highlight significant market uncertainties and profitability risks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.