Cigna Corp. (CI) Tops Q4 EPS by 11c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus

Cigna Corp. (NYSE: CI) reported Q4 EPS of $4.31, $0.11 better than the analyst estimate of $4.20. Revenue for the quarter came in at $36.54 billion versus the consensus estimate of $35.07 billion.

"In the first year of our combination, as a result of our focus on execution, partnering, and ongoing innovation, Cigna delivered on our commitments to customers, clients, and shareholders," said David M. Cordani, President and Chief Executive Officer. "Our strong momentum going into 2020 positions us for continued growth, and to deliver sustained value for our customers and clients, as we create greater affordability, predictability and simplicity for their benefit."

GUIDANCE:

Cigna Corp. sees FY2020 EPS of $18.00-$18.60, versus the consensus of $18.59. Cigna Corp. sees FY2020 revenue of $154-156 billion, versus the consensus of $148.74 billion.

Cigna's outlook for full year 2020 consolidated adjusted income from operations2,3 is in the range of $6.8 billion to $7.0 billion, or $18.00 to $18.60 per share. Cigna's outlook excludes the impact of prior year reserve development of medical costs and potential effects of any future share repurchase3. Also, while we continue to expect to close the sale of Cigna's Group Disability and Life business in the third quarter of 2020, Cigna's outlook assumes a full year of contributions from the Group Disability and Life business.

For earnings history and earnings-related data on Cigna Corp. (CI) click here.

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