MOMOHEarnings Analysis财报电话会Source pending来源待核by InvestLog AIInvestLog AI 整理
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MOH earnings call: We reaffirm adjusted EPS guidance of at least $5.25.Molina Healthcare, Inc. (MOH) 电话会：我们重申调整后每股收益指引至少为5.25美元
Management remarks
Call period: 2026 Q3 · 2026-10-22
Guidance: Mark Keim: We reaffirm adjusted EPS guidance of at least $5.25.
Margins: Mark Keim: Consolidated MCR was 92.9%, adjusted G&A ratio was 6.3%, and adjusted pre-tax margin was 0.6%.
Analyst Q&A
Analyst A.J. Rice asked: Hi, everybody. I was thinking if you're in a pre-tax margin of roughly 1.6% now, that's significantly better than what some of your major peers are talking about. When you think about margin recovery from here, is it relatively concentrated in a subset of your portfolio, or is the opportunity still pretty broad-based across most states in your portfolio? Management Joe Zubretsky answered: I would say that our relative performance needs to be taken in context of in this 2026 trough, where three straight years of medical cost trend and rates lagging behind it. In this trough, we are producing a 1.6% pre-tax margin on our same store Medicaid book context. Now when it comes to improvements, think about Investor Day and us projecting forward to margins that get to 2.5% in 2029. 90 basis points of improvement, 30 basis points a year for three years.
