Anthem (ANTM) Tops Q1 EPS by 50c; Guides Above the Street

Anthem (NYSE: ANTM) reported Q1 EPS of $5.41, $0.50 better than the analyst estimate of $4.91. Revenue for the quarter came in at $22.3 billion versus the consensus estimate of $22.52 billion.

GUIDANCE:

Anthem sees FY2018 EPS of $15.30, versus the consensus of $15.13.

• Net income is now expected to be greater than $14.12 per share, including approximately $1.18 per share of net unfavorable items. Excluding these items, adjusted net income is now expected to be greater than $15.30 per share.
• Medical membership is now expected to be in the range of 40,100,000 - 40,300,000. Fully-insured membership is expected to be in the range of 14,800,000 - 14,900,000 and self-funded membership is now expected to be in the range of 25,300,000 - 25,400,000.
• Operating revenue is now expected to be in the range of $91.0 - $92.0 billion.
• Benefit expense ratio is now expected to be in the range of 84.4% plus or minus 30 basis points.
• SG&A ratio is now expected to be in the range of 15.4% plus or minus 30 basis points.
• Operating cash flow is expected to be greater than $4.0 billion.

For earnings history and earnings-related data on Anthem (ANTM) click here.

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