Magellan Health, Inc. (NASDAQ:MGLN) is set to announce second quarter earning results on Wednesday 29th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MGLN to report 2Q20 income of $ 0.82 per share.
For the full year, analysts anticipate top line of $ 4937.55 million, while looking forward to income of $ 2.88 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 7,000.00 million ~ $ 7,400.00 million, where as bottomline are predicted in a range of $ 3.34 ~ $ 4.14 per share
Click Here For More Historical Outlooks Of Magellan Health, Inc.
Previous Quarter Performance
Magellan Health, Inc. communicated income for the first quarter of $ 1.15 per share, from the revenue of $ 1,794.00 million. The quarterly earnings hiked 187.50 percent while revenues elevated 3.18 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.72 per share from $ 1795.70 million in revenue. The bottom line results beat street analysts by $ 0.43 or 59.72 percent, at the same time, top line results fell short of analysts by $ 1.7 million or 0.09 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Magellan Health, Inc.
Stock Performance
According to the previous trading day, closing price of MGLN was $ 75.11, representing a 145.46 % increase from the 52 week low of $ 30.60 and a 7.32 % decrease over the 52 week high of $ 81.04.
The company has a market capital of $ 1.88 billion and is part of the Healthcare sector and Health Care Plans industry.
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Conference Call
Magellan Health, Inc. will be hosting a conference call at 9:30 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.magellanhealth.com
Magellan Health, Inc. provides healthcare management services in the United States. The company operates in Healthcare and Pharmacy Management segments.
