Cigna (CI) Beats on Q4 Earnings & Revenues, Guides for 2018
Have you been eager to see how Cigna Corp. CI performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this multi-line insurance company’s earnings release this morning.
An Earnings Beat
Cigna came out with adjusted earnings per share of $1.94, beating the Zacks Consensus Estimate of $1.87. Earnings also grew 3.7% year over year.
Better-than-expected earnings were primarily driven by strong contribution in its Global Supplemental Benefits segment.
Earnings Surprise History
Cigna has a decent earnings surprise history. Before posting the earnings beat in Q4, the company delivered positive surprises in each of the four trailing quarters, with an average beat of 14.56%.
Cigna Corporation Price and EPS Surprise
Cigna Corporation Price and EPS Surprise | Cigna Corporation Quote
Revenues Beat Estimates
Cigna posted revenues of $10.53 billion, which surpassed the Zacks Consensus Estimate of $10.29 billion. Revenues grew 5.9% year over year.
Key Stats to Note
Premium were up 7% year over year to $8.2 billion, while fees increased 5% to $1.19 billion.
The company medical enrollment grew to 15.91 million from 15.19 million in the year ago quarter, driven by growth in its Commercial market segments.
Cigna’s cash and marketable investments were of $1.2 billion as of Dec 31, 2017 down from $2.8 billion as of Dec 31, 2016.
2018 Guidance
For 2018 the company expects to earn in the range of $12.40 and $12.90, on a per share basis. Total revenue growth is expected to grow in the range of 7% to 8% and medical customers are projected to grow by 0.3 million to 0.5 million lives.
What Zacks Rank Says
Cigna carries a Zacks Rank #1 (Strong Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. (You can see the complete list of today’s Zacks #1 Rank stocks here).
Check back later for our full write up on this Cigna earnings report!
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