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Cigna (CI) Stock Moves -0.79%: What You Should Know
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Cigna (CI - Free Report) closed at $295.30 in the latest trading session, marking a -0.79% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.37%. Meanwhile, the Dow lost 1.35%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Heading into today, shares of the health insurer had gained 2.65% over the past month, outpacing the Finance sector's loss of 6.57% and the S&P 500's loss of 6.51% in that time.
Wall Street will be looking for positivity from Cigna as it approaches its next earnings report date. This is expected to be November 3, 2022. The company is expected to report EPS of $5.70, down 0.52% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $44.87 billion, up 1.25% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $23 per share and revenue of $180.34 billion, which would represent changes of +12.36% and +3.6%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Cigna. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.38% higher within the past month. Cigna is currently a Zacks Rank #2 (Buy).
Investors should also note Cigna's current valuation metrics, including its Forward P/E ratio of 12.94. This valuation marks a premium compared to its industry's average Forward P/E of 9.71.
We can also see that CI currently has a PEG ratio of 1.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Insurance - Multi line stocks are, on average, holding a PEG ratio of 1.09 based on yesterday's closing prices.
The Insurance - Multi line industry is part of the Finance sector. This group has a Zacks Industry Rank of 79, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Cigna (CI) Stock Moves -0.79%: What You Should Know
Cigna (CI - Free Report) closed at $295.30 in the latest trading session, marking a -0.79% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.37%. Meanwhile, the Dow lost 1.35%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Heading into today, shares of the health insurer had gained 2.65% over the past month, outpacing the Finance sector's loss of 6.57% and the S&P 500's loss of 6.51% in that time.
Wall Street will be looking for positivity from Cigna as it approaches its next earnings report date. This is expected to be November 3, 2022. The company is expected to report EPS of $5.70, down 0.52% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $44.87 billion, up 1.25% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $23 per share and revenue of $180.34 billion, which would represent changes of +12.36% and +3.6%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Cigna. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.38% higher within the past month. Cigna is currently a Zacks Rank #2 (Buy).
Investors should also note Cigna's current valuation metrics, including its Forward P/E ratio of 12.94. This valuation marks a premium compared to its industry's average Forward P/E of 9.71.
We can also see that CI currently has a PEG ratio of 1.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Insurance - Multi line stocks are, on average, holding a PEG ratio of 1.09 based on yesterday's closing prices.
The Insurance - Multi line industry is part of the Finance sector. This group has a Zacks Industry Rank of 79, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.