Yahoo Finance Elevance Health First Quarter 2024 Earnings: EPS Misses Expectations
Elevance Health (NYSE:ELV) First Quarter 2024 Results
Key Financial Results
Revenue: US$42.6b (up 1.0% from 1Q 2023).
Net income: US$2.25b (up 13% from 1Q 2023).
Profit margin: 5.3% (up from 4.7% in 1Q 2023).
EPS: US$9.59 (up from US$8.38 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Elevance Health EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.0%.
Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Healthcare industry in the US.
Performance of the American Healthcare industry.
The company's shares are up 4.6% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Elevance Health that you need to take into consideration.
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