WellCare Health Plans Earnings Preview: Get Ahead of the Analysts
Wellcare Health Plans (NYSE:WCG) will report earnings before markets open on Friday, May 3rd. WellCare Health Plans Inc provides managed care services targeted exclusively to government-sponsored healthcare programs. The Company operates health plans in multiple states.
Here is your Cheat Sheet to Wellcare Health Plans Earnings:
Earnings Expectations: Analysts expect earnings of $0.68 per share on revenues of $2.18 billion. Currently, the company’s P/E ratio stands at 13.66.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.29 to a profit $1.26. For the current year, the average estimate is a profit of $4.88, which is worse than the estimate ninety days ago.
Here’s how Wellcare Health Plans has been performing on an annual basis:
|Revenue ($) in millions||6,522||6,878||5,440||6,107||7,409|
|Diluted EPS ($)||-0.89||0.95||-1.26||6.10||4.22|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||1,600||1,791||1,811||1,818||1,988|
|Diluted EPS ($)||1.957||1.18||1.06||0.87||1.110|
Wellcare Health Plans has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)