A Look Ahead: Elevance Health's Earnings Forecast

Elevance Health (NYSE:ELV) is preparing to release its quarterly earnings on Thursday, 2024-10-17. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Elevance Health to report an earnings per share (EPS) of $9.66.

Investors in Elevance Health are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Past Earnings Performance

During the last quarter, the company reported an EPS beat by $0.11, leading to a 3.11% drop in the share price on the subsequent day.

Here's a look at Elevance Health's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

10.01

10.53

5.64

8.45

EPS Actual

10.12

10.64

5.62

8.99

Price Change %

-3.0%

1.0%

1.0%

-1.0%

Tracking Elevance Health's Stock Performance

Shares of Elevance Health were trading at $483.87 as of October 15. Over the last 52-week period, shares are up 5.67%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analysts' Take on Elevance Health

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Elevance Health.

Analysts have provided Elevance Health with 12 ratings, resulting in a consensus rating of Outperform. The average one-year ...