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Friday, December 30, 2022

Cigna expects to affirm 2022 profit guidance in 'the next several weeks'

 Cigna Corp. (CI) said Friday that as it meets with investors and analysts over the next several weeks, it plans to affirm its guidance for 2022 adjusted earnings per share of "at least" $23.10. The health insurer provided that guidance on Nov. 3, when it raised its outlook to at least $23.10 from at least $22.90. The FactSet consensus for 2022 EPS is $23.16. The company is scheduled to present at the J.P. Morgan Healthcare Conference on Jan. 10, and is projected to report fourth-quarter and full-year 2022 results around Feb. 3, according to FactSet. The stock, which is still inactive in premarket trading, has rallied 44.0% year to date, while the SPDR Health Care Select Sector ETF (XLV) has slipped 3.2% and the S&P 500 has shed 19.2%.

https://www.morningstar.com/news/marketwatch/20221230235/cigna-expects-to-affirm-2022-profit-guidance-in-the-next-several-weeks

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