Health insurance company Cigna (NYSE: CI) will be reporting results this Thursday before market hours. Here’s what to look for.
Cigna beat analysts’ revenue expectations by 3.1% last quarter, reporting revenues of $69.57 billion, up 9.2% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ revenue estimates but full-year EPS guidance in line with analysts’ estimates. It lost -3,000 customers and ended up with a total of 16.35 million.
Is Cigna a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Cigna’s revenue to grow 6.4% year on year to $69.86 billion, slowing from the 28.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $7.88 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cigna has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 5% on average.
Looking at Cigna’s peers in the healthcare providers & services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. UnitedHealth delivered year-on-year revenue growth of 12.3%, meeting analysts’ expectations, and Elevance Health reported revenues up 9.6%, falling short of estimates by 1.2%. UnitedHealth traded down 16.4% following the results while Elevance Health was up 7.5%.
Read our full analysis of UnitedHealth’s results here and Elevance Health’s results here.
Investors in the healthcare providers & services segment have had fairly steady hands going into earnings, with share prices down 1.7% on average over the last month. Cigna is down 3.2% during the same time and is heading into earnings with an average analyst price target of $326.92 (compared to the current share price of $274.94).
P.S. STOP buying the AI stocks everyone's talking about. The real money? It’s in the profitable pick nobody’s watching yet. We’ve identified an AI profit machine that’s flying under Wall Street’s radar—for now. We can’t keep this research public forever—grab your FREE copy before we pull it offline. GO HERE NOW.
