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Humana (HUM) Q4 Earnings Miss on Higher Costs, '25 Target Pulled
HUMHumana(HUM) Zacks Investment Research·2024-01-26 02:36

Humana Inc. (HUM) delivered weak fourth-quarter 2023 earnings, driven by higher benefits expenses, operating costs and lower medical memberships. The rising costs trend forced the company to let go of the 2025 EPS target it provided earlier. The negatives were partially offset by premium growth, increased investment income and strength witnessed in the CenterWell unit.It posted adjusted earnings per share (EPS) of 11 cents, missing the Zacks Consensus Estimate of a loss of 7 cents. It reported an earnings o ...