Molina Healthcare Earnings: Here’s Why the Stock is Up Now

Molina Healthcare Inc. (NYSE:MOH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.78%.

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Molina Healthcare Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 64.1% to $0.64 in the quarter versus EPS of $0.39 in the year-earlier quarter.

Revenue: Rose 15.83% to $1.59 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Molina Healthcare Inc. reported adjusted EPS income of $0.64 per share. By that measure, the company beat the mean analyst estimate of $0.25. It beat the average revenue estimate of $1.59 billion.

Quoting Management: “This was a strong quarter,” said J. Mario Molina, M.D., chief executive officer of Molina Healthcare, Inc. “More importantly, we continue to lay the foundation for even greater success in the future. During the first quarter, we solidified the progress we had made during the second half of 2012, we strengthened our capital position, and we continued to prepare for the opportunities and challenges of the next few years. I thank our employees, our state partners and our providers for their continued commitment to providing health care to those most in need.”

Key Stats (on next page)…

Revenue increased 0.76% from $1.58 billion in the previous quarter. EPS increased 18.52% from $0.54 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.35 to a profit $0.36. For the current year, the average estimate has moved up from a profit of $1.45 to a profit of $1.58 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)