Anthem Backs FY20 Adj. EPS Outlook - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Wednesday, Anthem Inc. (ANTM) maintained its adjusted earnings guidance for the full-year 2020.

For fiscal 2020, the company now projects earnings to be greater than $17.87 per share, including about $4.43 per share of net unfavorable items. Excluding these items, adjusted net income is now expected to be greater than $22.30 per share.

Previously, it expected earnings to be greater than $20.91 per share, including about $1.39 per share of net unfavorable items, and adjusted earnings to be greater than $22.30 per share.

On average, analysts polled by Thomson Reuters expect earnings of $22.47 per share on revenues of $118.45 billion for the year. Analysts' estimates typically exclude special items.

Due to unprecedented uncertainty around the COVID-19 pandemic and its impact, the company said it is not providing other financial guidance metrics for 2020.

On Tuesday, the Audit Committee declared a fourth quarter 2020 dividend to shareholders of $0.95 per share, payable on December 22, 2020 to shareholders of record at the close of business on December 7, 2020.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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