Humana (NYSE: HUM) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Humana met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.

Margins grew across the board.

Revenue details
Humana notched revenue of $10.32 billion. The 13 analysts polled by S&P Capital IQ anticipated revenue of $10.33 billion on the same basis. GAAP reported sales were 6.4% higher than the prior-year quarter's $9.70 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
EPS came in at $2.75. The 21 earnings estimates compiled by S&P Capital IQ predicted $2.47 per share. Non-GAAP EPS of $2.75 for Q2 were 18% higher than the prior-year quarter's $2.34 per share. GAAP EPS of $2.63 for Q2 were 22% higher than the prior-year quarter's $2.16 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
For the quarter, gross margin was 21.6%, 50 basis points better than the prior-year quarter. Operating margin was 6.7%, 60 basis points better than the prior-year quarter. Net margin was 4.1%, 40 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $10.28 billion. On the bottom line, the average EPS estimate is $2.13.

Next year's average estimate for revenue is $41.39 billion. The average EPS estimate is $8.59.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Humana is outperform, with an average price target of $88.14.

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