10 days have passed by since the last earnings report for Anthem, Inc. (NYSE:ANTM) and the new quarterly results look set to arrive in 88 days. The shares of ANTM at the moment are trading at a volume of 1.42 million, which compares with its normal daily standard volume of 1.55 million shares. This has led to the shares of the company advancing by 0.62%, currently exchanging hands at $270.75 a share. ANTM stock has been up by $47.24 (-14.86%) ever since it reached its 52-week high of $317.99 back in February 25, 2019. It has progressed above its 50-day moving average of $250.41 and is up 2.92% over the past week. The stock has added 1.1% since the last one arrived so the question here is that will the upbeat trend in that time frame continue leading up to its next earnings release, or is the ANTM share price due for a correction?
Anthem, Inc. (ANTM) Forecasts And Latest Quarter Earnings
Ahead of their fiscal fourth-quarter to be released on Wednesday, Jan 29, 2020, 22 analysts who are covering the company are estimating that it will record a profit of $3.88 per share, with analysts having different outlooks from $3.85 to $4.07. The current agreed outlook, when compared to the profit recorded last year, is at $2.44 a share, thus an increase of 59.02% is expected. The profit view for a complete financial year for Anthem, Inc. is expected to be around $19.42 in current year, a decline of nearly 22.22% from last year which was $15.89.
Let’s now look at their sales section, ANTM’s revenue is estimated to be $23.3B, a figure which is more than the $23.3B recorded for Q4 last year. Their sequential sales though are expected to grow by 1.5% from their Q3’s sales which were $26.69B. Their full-year outlook is pegged at $103.08B, implying that there would be an increase of 12.85% over the $91.34B they recorded last year in revenue. Anthem, Inc. is projected to get sales lifted by 11.61% in the next quarter, with a revenue target of $115.05B.
Analyzing The Earnings History Of Anthem, Inc. (NYSE:ANTM)
In the past few years, the ANTM stock has been known to miss the Wall Street’s earnings projection. The company missed 0% of the time, according to the data pulled on their earnings, was able to meet predictions on 0 occasions and topped expectations 12 times. Looking at the past trend, the price of Anthem, Inc. shares had risen following the release of their earnings in 11 of the last 19 quarters.
The higher number of analysts has assigned a buy or better ratings (21) on the Anthem, Inc. stock, while 4 of them have a rating of a Hold with the 11-year target price suggested by the analysts standing at $329.88. This price target implies potential upside of 21.84 percent over the next 12 months based on the current share price.
Anthem, Inc. (ANTM) Post Earnings Announcement Drift (PEAD)
Back on October 23, 2019, Anthem, Inc. (NYSE:ANTM) released its Q3 results, in which it recorded EPS of $4.87 that exceeded consensus estimates of $4.82. After the earnings were reported, the price of ANTM stock kicked off the session at $251.64 and remained in a range of $252.68 to $272.96 on the first day. The shares were priced at $263.51 at the close with a total volume of shares being 2746075.
On July 24, 2019, the Q2 earnings report was disclosed with EPS of $4.64. This was above the estimation of $4.61 per share. The stock price range of ANTM was between $293.48 and $293.48 on the first-day post announcement, after opening the day at $280.06. The session came to close at $288.91 and there was a total volume of 3389206 shares.
April 24, 2019 was the day when its Q1 results were unveiled. The earnings came in at $6.03, beating the projected $5.81 per share. The very next day, ANTM stock opened at $247.75 while staying in a range of $248.3 to $253.99. At the end, it moved to $251 a total volume of shares been 3264394.
In the year-ago Q4 earnings on January 30, 2019, the company saw profit per share of $2.44. That was better than the $2.2 analysts had expected. Anthem, Inc. share price started at $290.5 on the first full trading day post-earning and then exchanged hands between $291.94 and $305.99 throughout the session. The closing price of $297.56 came on the back of 4477954 shares in volume.