5 Stocks Gaining Attention on Earnings Reports

4. Humana Inc. (NYSE:HUM)

Number of Hedge Fund Holders: 59

Humana Inc. (NYSE:HUM) recently caught investors’ attention after announcing mixed financial results for the third quarter. The health insurer reported adjusted earnings of $4.83 per share, beating the consensus forecast of $4.66 per share.

The company had earned $3.08 per share on an adjusted basis in the comparable period of 2020. On the downside, revenue of $20.70 billion for the quarter slightly fell short of $20.90 billion estimated by analysts.

Humana Inc. (NYSE:HUM) also trimmed its financial outlook for 2021, citing coronavirus headwinds. It expects adjusted earnings of about $20.50 per share for the full year, compared to its previous forecast of $21.25 – $21.75 per share.

Commenting on the results, CEO Bruce Broussard said:

“Despite pandemic-related impacts, Humana had a strong third quarter, which we attribute largely to the strength of our Medicare Advantage (MA) offerings, highlighted by our individual MA membership expected to grow 11 percent year-over-year, ahead of industry expectations.”