Molina forecasts fivefold jump in 2029 profit if medical costs remain steady
Molina Healthcare, Inc.
Molina Healthcare, Inc. MOH | 0.00 |
May 8 (Reuters) - Molina Healthcare MOH.N said on Friday it expects adjusted profit in 2029 to be about five times its current 2026 outlook, given the health insurer is able to keep its medical costs in check.
The company sees 2029 adjusted profit between $20 and $30 per share for 2029. It expects 2026 profit of at least $5 per share.
Analysts on average expect Molina to earn $17.1 per share in 2029, according to data compiled by LSEG