Amerigroup will release second-quarter figures on Friday before the bell. Shares of the managed healthcare company are up 110 percent in the past year, compared to an 18 percent gain for the S&P 500.
Based on the last seven earnings reports, LIM's EarningsEdge, a Morningstar company, indicates that Amerigroup has shown a strong bullish edge that peaks 16 trading days before the announcement and a strong bullish edge that peaks 13 trading days after earnings are released.
The current consensus First Call EPS estimate stands at $1.12 versus a gain of $1.31, while revenue is expected to come in at $1.56 billion, compared to $1.44 billion during the same period last year.
What follows are some facts and figures on how the company's shares traded in the most recent earnings reports.
Amerigroup
Beat revenue estimates in 5 of the last 8 quarters
Beat EPS estimates for 6 consecutive quarters, missed the previous 2
Beat annual EPS estimates for 3 consecutive years
In 2010, 100 percent of revenue derived from the United States
Amerigroup shares closed at an all-time high of $74.87 on July 6, 2011
- Short-interest as a percent of float stands at 10.9 percent
According to Thomson Reuters estimates, the mean price target among 15 financial analysts is $71.27
Competitors' Performance so far in 2011:
- United Healthgroup , up 39 percent
- Express Scripts , down 0.06 percent
- Coventry Health Care , up 32 percent
- WellCare Health Plans , up 59 percent
- Centene , up 39 percent
Amerigroup shares are up 54 percent year-to-date.
Stock Performance By The Numbers
- In the past 8 quarters, Amerigroup shares rose 2.34 percent, on average, thirteen days after the company reported its quarterly results
S&P Health CareSector:
- Second best performing sector so far in 2011, up 9 percent
- The top performing stock in this sector is Biogen with a gain of 53 percent
- Amerigroup is not part of the S&P 500 index
Source: CNBC Analytics, LIM and Thomson Reuters
For more information visit Earnings Central
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