S&P 500 (NYSE:SPY) component CIGNA Corp (NYSE:CI) will unveil its latest earnings on Thursday, August 4, 2011. Cigna Corporation’s subsidiaries provide health care and related benefits, including health care products and services, group disability, life and accident insurance. Humana Inc. Earnings Cheat Sheet: Beats Analysts’ Estimates>>
CIGNA Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.29 per share, a decline of 6.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.22. Between one and three months ago, the average estimate moved up, and has risen from $1.27 during the last month. For the year, analysts are projecting net income of $5.06 per share, a rise of 9.1% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 28 cents, reporting profit of $1.37 per share against a mean estimate of net income of $1.09 per share.
Wall St. Revenue Expectations: On average, analysts predict $5.32 billion in revenue this quarter, a decline of 0.6% from the year ago quarter. Analysts are forecasting total revenue of $21.44 billion for the year, a rise of 0.9% from last year’s revenue of $21.25 billion.
Analyst Ratings: Analysts are bullish on CIGNA as nine analysts rate it as a buy, one rates it as a sell and 10 rate it as a hold.
Revenue has risen the past four quarters. Revenue increased 4% to $5.41 billion in first quarter. The figure rose 17.1% in the fourth quarter of the last fiscal year from the year earlier, climbed 16.6% in the third quarter of the last fiscal year from the year-ago quarter and 19.3% in the second quarter of the last fiscal year.
The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 13%. The quarter with the biggest boost was the most recent quarter, which saw a 51.6% surge.
Competitors to Watch: Humana Inc. (NYSE:HUM), WellPoint, Inc. (NYSE:WLP), Aetna Inc. (NYSE:AET), UnitedHealth Group Inc. (NYSE:UNH), Health Net, Inc. (NYSE:HNT), Universal American Corp. (NYSE:UAM), HealthSpring, Inc (NYSE:HS), Molina Healthcare, Inc. (NYSE:MOH), Coventry Health Care, Inc. (NYSE:CVH), and WellCare Health Plans, Inc. (NYSE:WCG).
Stock Price Performance: During May 4, 2011 to July 29, 2011, the stock price had risen $3.85 (8.4%) from $45.92 to $49.77. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 28, 2011 when shares rose for eight-straight days, rising 8.9% (+$3.83) over that span. It saw one of its worst periods between July 1, 2011 and July 11, 2011 when shares fell for six-straight days, falling 3.9% (-$2.05) over that span. Shares are up $13.14 (+35.9%) year to date.
(Source: Xignite Financials)