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.

Analyst Trends:

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.

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Earnings Trends:

Here’s how Wellcare Health Plans has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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)