Anthem (ANTM) Misses Q3 EPS by 2c

Anthem (NYSE: ANTM) reported Q3 EPS of $2.45, $0.02 worse than the analyst estimate of $2.47. Revenue for the quarter came in at $21.13 billion versus the consensus estimate of $20.77 billion.

Membership: Medical enrollment totaled approximately 39.9 million members at September 30, 2016, an increase of approximately 1.2 million members, or 3.1 percent, from 38.7 million at September 30, 2015. Commercial & Specialty Business enrollment increased by 656 thousand medical members as the Company experienced growth in the National and Local Group businesses. Enrollment also grew by 554 thousand in the Medicaid business.

Medical enrollment increased by 160 thousand members, or 0.4 percent, sequentially during the third quarter of 2016. The increase reflected enrollment gains in the Local Group and Medicaid businesses, partially offset by declines in the Individual and National businesses.

GUIDANCE:

Anthem sees FY2016 EPS of $10.80, versus the consensus of $10.85.

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

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