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Anthem (ANTM) Tops Q2 EPS by 10c

July 27, 2016 6:06 AM

Anthem (NYSE: ANTM) reported Q2 EPS of $3.33, $0.10 better than the analyst estimate of $3.23. Revenue for the quarter came in at $21.27 billion versus the consensus estimate of $20.57 billion.

Membership: Medical enrollment totaled approximately 39.8 million members at June 30, 2016, an increase of approximately 1.2 million members, or 3.2 percent, from 38.5 million at June 30, 2015. Commercial & Specialty Business enrollment increased by 654 thousand medical members as the Company experienced growth in the National and Local Group business, partially offset by a slight decrease in the Individual business. Enrollment also grew by 572 thousand in the Medicaid business.

Medical enrollment increased by 148 thousand members, or 0.4 percent, sequentially during the second quarter of 2016. The increase reflected enrollment gains in the Medicaid business, partially offset by declines in the Individual and National businesses.

GUIDANCE:

Anthem sees FY2016 EPS of $10.80, versus the consensus of $10.94.
Company now expects medical enrollment to grow by 1.0 - 1.2 million members for full year 2016.

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

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