CIGNA Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component CIGNA Corp (NYSE:CI) will unveil its latest earnings on Friday, October 28, 2011. Cigna’s subsidiaries provide health care and related benefits, including health care products and services, group disability, life, and accident insurance.

CIGNA Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.23 per share, a rise of 11.8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from $1.22 during the last month. Analysts are projecting profit to rise by 14% versus last year to $5.29.

Past Earnings Performance: Last quarter, the company beat estimates by 24 cents, coming in at profit of $1.53 a share versus the estimate of net income of $1.29 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $5.46 billion in revenue this quarter, a rise of 3.6% from the year ago quarter. Analysts are forecasting total revenue of $21.85 billion for the year, a rise of 2.8% 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 eight rate it as a hold.

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 August 1, 2011 to October 25, 2011, the stock price had fallen $2.71 (-5.7%) from $47.63 to $44.92. 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 September 15, 2011 and September 22, 2011 when shares fell for six-straight days, falling 9.9% (-$4.63) over that span. Shares are up $8.29 (+22.6%) year to date.

(Source: Xignite Financials)

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