Will Declining Medical Membership Affect Humana's Q4 Earnings?

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Humana Inc. (HUM) is projected to report a loss of $4.01 per share on revenues of $31.9 billion for its fourth-quarter 2025 earnings, leading to a potential year-over-year decline in its bottom line. While premiums and service revenues are expected to increase, a forecasted 7.6% year-over-year decline in medical membership and a 9.7% decrease in operating income from the Insurance unit are likely to negatively impact results. The company currently holds a Zacks Rank #4 (Sell) and an Earnings ESP of 0.00%, suggesting it may not beat earnings estimates this quarter.

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