Humana Touts Home Care Deals, Sees COVID Earnings Boost

Humana Inc.’s second quarter earnings exceeded investor expectations due to a drop in utilization, although the insurer expects spending on health care services to rebound somewhat as patients continue to return to medical facilities.

In its second quarter earnings report, Humana reported adjusted earnings per share (EPS) of $12.56. According to Jefferies analyst David Windley and Oppenheimer analyst Michael Wiederhorn, Wall Street anticipated an EPS of slightly over $10. Analysts anticipate a positive outlook for the rest of the year, but they hedged positive projections by noting the COVID-19 crisis could damage insurer earnings in unforeseen ways.

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