I genuinely do not understand how $OSCR is down around 10% after these earnings. Revenue grew 70%. MLR improved from 91.1% to 79.2%. SG&A ratio fell to a record 14.2%. Management also raised full-year earnings from operations guidance from $250M–$450M to $500M–$700M and improved MLR guidance. This was an awesome quarter with an even better outlook. The stock reaction makes absolutely no sense to me.
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6 Comments
Scott S@scottsinvesting · 1mo
Pretty clear reason IMO… Uncertainties as highlighted by executives on earnings call. Specifically visibility challenges and risks regarding ACA marketplace utilization trends. Taken a step further, management warned policy & market dynamics could result in increased membership churn. The market pays up for certainty and down for uncertainty.
Eldon @selldon · 1mo
Just used it as an opportunity to ad 33% more shares. 😎
The Curious Investor@curiositycompounded · 1mo
This quarter has been plagued with post earnings reactions that make zero sense.
Josh Colaco@jushindex · 1mo
The market is just being irrational no matter what the earnings report is it’s taking an opportunity to sell off hard on the small pump if they record good earnings, take a look at SNDK, FIG and CELH this morning
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