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