Coventry Health Care Earnings: Everything You Must Know Now

Coventry Health Care Inc. (NYSE:CVH) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Coventry Health Care Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 61.29% to $1.00 in the quarter versus EPS of $0.62 in the year-earlier quarter.

Revenue: Decreased 5.28% to $3.52 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Coventry Health Care Inc. reported adjusted EPS income of $1.00 per share. By that measure, the company beat the mean analyst estimate of $0.82. It missed the average revenue estimate of $3.71 billion.

Quoting Management: “I am pleased to report the Company’s strong start to 2013,” said Allen F. Wise, Chairman and Chief Executive Officer of Coventry. “These first quarter results position the Company well to achieve its financial and operational goals in 2013 as we look towards combining our strengths with those of Aetna after satisfying all remaining regulatory requirements.”

Key Stats (on next page)…

Revenue increased 1.07% from $3.48 billion in the previous quarter. EPS increased 9.89% from $0.91 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.78 to a profit $0.80. For the current year, the average estimate has moved up from a profit of $3.32 to a profit of $3.39 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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