- Adjusted operating EPS for Cigna in Q2 was $6.72, up from $6.13 last year, beating the estimate of $6.42.
- Adjusted revenue reached $60.47 billion, a 24% increase year-over-year, surpassing the estimate of $58.38 billion.
- Overall revenue came in at $60.52 billion, up 25% year-over-year, exceeding the estimate of $58.17 billion.
- Global medical customers totaled 19.04 million, a 2.4% decrease year-over-year, missing the estimate of 19.23 million.
- The medical care ratio was 82.3%, compared to 81.2% last year, and slightly above the estimate of 82.1%.
- Cigna maintains its forecast for adjusted operating EPS of at least $28.40 for the year.
- The company still expects adjusted revenue to be at least $235.00 billion for the year.
- The projected medical care ratio remains between 81.7% and 82.5%.
- Cash flow from operations is still anticipated to be at least $11.00 billion.
Cigna Group on Smartkarma
Analyst coverage of Cigna Group on Smartkarma, the independent investment research network, features insight from Baptista Research. In their report titled “Cigna Corporation: Is Their Investment in VillageMD Yielding The Expected Results? – Major Drivers,” Baptista Research discusses Cigna’s first-quarter results for 2024. The analysis highlights the company’s financial strength and strategic advancements, showing increased revenue, adjusted earnings per share, and an uplift in full-year 2024 earnings guidance. While Cigna is on a promising trajectory, the report notes areas of setbacks and challenges that could impact future performance, indicating a mix of positive and negative factors influencing the company’s outlook.
A look at Cigna Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Cigna Group seems to have a balanced long-term outlook across various key factors. With consistent scores of 3 in Value, Dividend, Growth, Resilience, and Momentum, the company appears to be positioned stably in the industry. This demonstrates a solid foundation in terms of financial health, potential for growth, and ability to navigate market movements.
The Cigna Group, operating as an insurance company offering a diverse portfolio of insurance products and services globally, seems to exhibit a moderate outlook across different facets. While not excelling in any particular area, the company’s consistent scores across multiple dimensions suggest a well-rounded approach to its operations. This balanced performance across Value, Dividend, Growth, Resilience, and Momentum could indicate a steady and dependable presence in the market over the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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