logo
  Join        Login             Stock Quote

Wellpoint (WLP) Sees 2012 Profit To Exceed Previous Forecast

 January 08, 2013 07:57 AM
 


(By Balaseshan) WellPoint Inc. (NYSE: WLP) expects full year 2012 earnings to exceed its previous forecast primarily due to the favorable settlement of a tax matter during the fourth quarter of 2012, the health insurer said in a regulatory filing.

Excluding the tax settlement, closing costs related to the Amerigroup acquisition and certain items, full year 2012 earnings is anticipated to be near the high end or slightly above the prior outlook range of $7.30 to $7.40 per share, while Street predicts $7.46 per share.

WellPoint is still completing its year-end 2012 accounting close. Its preliminary analysis indicates that 2012 GAAP earnings to exceed its previous guidance range of $7.37 to $7.47 per share.

[Related -Is This The Start Of A Correction?]

For the fiscal 2013, the Indianapolis, Indiana-based WellPoint continues to expect relatively stable adjusted profit and a lower share count due to capital deployment.

WellPoint expects adjusted earnings per share to grow moderately in 2013, including integration costs related to the Amerigroup acquisition in the 2013 outlook.

WellPoint is a health benefit company in terms of medical membership in the United States, serving 34.3 million medical members through its affiliated health plans and a total of 65.3 million individuals through all subsidiaries as of December 31, 2011.

WLP closed Monday's regular session up 0.76% at $59.74. The stock has been trading between $52.51 and $74.73 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageShould You Invest In The Hottest New Trend In Finance?

Thanks to major changes in regulation, social media and technology, the business of banking has undergone read on...

article imageStrong Attractor in Action Pulling S&P 500 Down

The attractor is formed by the 200-day moving average and the 50% Fibonacci retracement of the up move from read on...

article imageIs The Weak Housing Market A Warning Sign For The US Economy?

Today’s US economic releases – housing starts and business survey data for the manufacturing sector – read on...

article imageShort-term Pullback or Something Worse?

A few weeks ago when we called for a short-term pullback of 4 to 5%, it was due solely to the short-term read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.