Equity Profile

ELV

Elevance Health, Inc.

Health CareManaged Health Care$85.4B

Jul16Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Elevance Health, Inc. is a major player in the health care sector, focusing on managed health care services....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Not available

Revenue Growth

Revenue growth reflects the company's ability to expand its services and customer base, crucial for long-term success.

Not available

Wall Street expectations, options signals, track record, and call prep available with Pro.

ELV Q2-2026 Earnings Preview

Context

Company Snapshot

Elevance Health, Inc. is a major player in the health care sector, focusing on managed health care services. With a market cap of $85 billion, the company is significant in shaping health care delivery and insurance, especially as the industry adapts to changing regulations and consumer needs.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+3.63%

Avg Stock Reaction

-2.37%

Last Quarter Recap

In Q1 2026, Elevance Health reported an EPS of $12.58, exceeding expectations by 17.75%. The stock saw a slight increase of 0.03% the following day, indicating a cautious market reaction.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Elevance Health's upcoming earnings are mixed, with no analyst estimates available. Investors are keen to see if the company can maintain its recent performance.

Bull Case

If Elevance Health continues to beat EPS estimates as it has in 75% of the last eight quarters, it could signal strong operational efficiency and market demand.

Bear Case

Conversely, if the company fails to meet expectations, especially after a strong prior quarter, it could lead to significant stock declines, as seen in previous misses.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be critical in assessing the company's profitability and could significantly influence investor sentiment.

How is Elevance managing costs amid rising health care expenses?

Understanding cost management strategies will help investors gauge the company's ability to maintain margins in a competitive environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Elevance's ability to maintain profitability despite rising costs, as past performance shows resilience in challenging environments.

Supporting Evidence

Elevance has consistently beaten EPS estimates in 75% of the last eight quarters, indicating strong operational capabilities.

The options market is pricing a larger move than historical averages, suggesting heightened expectations that may not be justified.

Recent insider buying activity indicates confidence in the company's future performance.

Key Risk

If EPS comes in below $10.00, it could undermine the bullish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether Elevance can sustain its earnings momentum amidst industry challenges.

Bull Confirmed If

An EPS of $12.50 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $10.00 would confirm the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±9.58%

Historical Avg

±5.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±9.6% while ELV has averaged ±5.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

27.9%

Calls (9K)P/C Ratio: 0.54Puts (23K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Health Care

n=30

Fade rate: 13 of 29 (45%)

This setup has occurred 30 times across Health Care in the last 2 years. 13 of 29 faded and 16 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 5.5%, with a raw directional average of +2.9% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Elevance beats expectations, history suggests a potential average stock move of +0.64%, confirming operational strength.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

A miss could lead to a significant decline, with history indicating an average drop of -11.40% following such outcomes.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

Senate only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

R-OKMarkwayne MullinSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies in light of rising health care expenses.
2Details on membership growth and retention rates in their health plans.
3Insights into regulatory changes impacting the managed health care sector.
4Commentary on competitive positioning against other health care providers.
5Future guidance on revenue expectations for the next quarter.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Fastenal Company

Company Snapshot

Elevance Health, Inc. is a major player in the health care sector, focusing on managed health care services....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Not available

Revenue Growth

Revenue growth reflects the company's ability to expand its services and customer base, crucial for long-term success.

Not available

Wall Street expectations, options signals, track record, and call prep available with Pro.

ELV Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+3.63%

Avg Stock Reaction

-2.37%

Last Quarter Recap

In Q1 2026, Elevance Health reported an EPS of $12.58, exceeding expectations by 17.75%. The stock saw a slight increase of 0.03% the following day, indicating a cautious market reaction.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Elevance Health's upcoming earnings are mixed, with no analyst estimates available. Investors are keen to see if the company can maintain its recent performance.

Bull Case

If Elevance Health continues to beat EPS estimates as it has in 75% of the last eight quarters, it could signal strong operational efficiency and market demand.

Bear Case

Conversely, if the company fails to meet expectations, especially after a strong prior quarter, it could lead to significant stock declines, as seen in previous misses.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be critical in assessing the company's profitability and could significantly influence investor sentiment.

How is Elevance managing costs amid rising health care expenses?

Understanding cost management strategies will help investors gauge the company's ability to maintain margins in a competitive environment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Elevance's ability to maintain profitability despite rising costs, as past performance shows resilience in challenging environments.

Supporting Evidence

Elevance has consistently beaten EPS estimates in 75% of the last eight quarters, indicating strong operational capabilities.

The options market is pricing a larger move than historical averages, suggesting heightened expectations that may not be justified.

Recent insider buying activity indicates confidence in the company's future performance.

Key Risk

If EPS comes in below $10.00, it could undermine the bullish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on whether Elevance can sustain its earnings momentum amidst industry challenges.

Bull Confirmed If

An EPS of $12.50 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $10.00 would confirm the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±9.58%

Historical Avg

±5.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±9.6% while ELV has averaged ±5.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

27.9%

Calls (9K)P/C Ratio: 0.54Puts (23K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Health Care

n=30

Fade rate: 13 of 29 (45%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Elevance beats expectations, history suggests a potential average stock move of +0.64%, confirming operational strength.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

A miss could lead to a significant decline, with history indicating an average drop of -11.40% following such outcomes.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

Senate only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

R-OKMarkwayne MullinSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies in light of rising health care expenses.
2Details on membership growth and retention rates in their health plans.
3Insights into regulatory changes impacting the managed health care sector.
4Commentary on competitive positioning against other health care providers.
5Future guidance on revenue expectations for the next quarter.