BUZZ-Molina tanks after forecasting 2026 profit and revenue below estimates

Reuters02-06
BUZZ-Molina tanks after forecasting 2026 profit and revenue below estimates

** Shares of health insurer Molina Healthcare MOH.N fall 32.4% to $119.52 in extended trading

** MOH forecast annual adjusted earnings of at least $5 per share, sharply under analysts' estimate of $13.76, according to LSEG data

** Total 2026 revenue is expected to reach $44.5 billion, also below the estimate of $46.55 billion

** Molina expects its annual medical cost ratio - the percentage of premiums spent on medical services - to be 92.6%, compared to an estimate of 89.78%

** Shares of other health insurers also down in extended trading

** Centene CNC.N down 12.6% at $34.67, UnitedHealth UNH.N falls 2.9% to $260.84

** Elevance Health ELV.N loses 1.4% and Humana HUM.N sheds 2.6%

** Molina says it will exit its traditional Medicare Advantage Part D plans in 2027

** Reports Q4 adjusted loss of $2.75 per share, missing analysts' estimate of a profit of 33 cents per share

** MOH was up ~2% in 2025

(Reporting by Siddhi Mahatole)

((siddhi.mahatole@thomsonreuters.com))

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