Molina Healthcare stock sinks premarket after 2026 outlook miss, Medicare exit plan
Molina Healthcare shares fell 28.8% to $125.91 in premarket trading after the company forecast 2026 adjusted earnings of at least $5.00 per share, far below analysts’ $13.76 estimate. Molina will exit its Medicare Advantage Part D business by 2027 and reported a fourth-quarter adjusted loss of $2.75 per share. The company projects a 92.6% medical care ratio for 2026.