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WellCare Health Plans (WCG) Tops Q4 EPS by 1c, Reaffirms FY16 Guidance

February 9, 2016 7:26 AM EST

WellCare Health Plans (NYSE: WCG) reported Q4 EPS of $0.60, $0.01 better than the analyst estimate of $0.59. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.48 billion.

2016 Guidance Table

Guidance Metric

2016 Guidanceas of February 9, 2016*

Segment premium revenue:

Adjusted Medicaid Health Plans(1)

$8.75B to $8.90B

Medicare Health Plans

$3.85B to $3.95B

Medicare PDP

$900M to $975M

Adjusted premium revenue(1)

$13.5B to $13.825B

Medicaid ACA industry fee reimbursement

$229M to $237M

Investment & other income

$12M to $16M

Segment MBR:

Adjusted Medicaid Health Plans(1)

89.0% to 90.0%

Medicare Health Plans

85.25% to 86.50%

Medicare PDP

81.0% to 83.0%

Adjusted SG&A ratio(2)(6)

7.7% to 7.9%

ACA industry fee expense

$223M to $233M

Adjusted depreciation & amortization(3)

$72M to $75M

Interest expense

$58M to $62M

Adjusted effective income tax rate(4)(6)

56.0% to 58.0%

Adjusted earnings per diluted share(5)(6)

$4.35 to $4.60

*No change from the 2016 guidance issued on January 12, 2016; refer to the basis of presentation for a discussion of non-GAAP financial measures.

For earnings history and earnings-related data on WellCare Health Plans (WCG) click here.



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