Anthem (ANTM) Tops Q2 EPS by 33c; Provides FY20 EPS Outlook

Anthem (NYSE: ANTM) reported Q2 EPS of $9.20, $0.33 better than the analyst estimate of $8.87. Revenue for the quarter came in at $29.2 billion versus the consensus estimate of $29.25 billion.

"During these uncertain times, our business has continued to adapt and respond to the needs of those we serve in light of COVID-19 and the important discussions around health disparities and racial injustice facing our society. Now more than ever, our members, customers, and local communities are looking to us for support and I am honored by the trust they have placed in us," said President and CEO Gail K. Boudreaux. "Together, with our more than 78,000 associates, Anthem is guided by our mission of improving lives and building a better and healthier America."

GUIDANCE:

Anthem sees FY2020 EPS of $22.30, versus the consensus of $22.33.

• GAAP net income is expected to be greater than $20.91 per share, including approximately $1.39 per share of net unfavorable items. Excluding these items, adjusted net income is expected to be greater than $22.30* per share.

Due to unprecedented uncertainty around the COVID-19 pandemic and its impact, the Company is not providing other financial guidance metrics for 2020 until visibility improves.

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

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