Cigna Group (NYSE:CI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$62.8b (up 28% from 3Q 2023).

• Net income: US$739.0m (down 48% from 3Q 2023).

• Profit margin: 1.2% (down from 2.9% in 3Q 2023).

• EPS: US$2.65 (down from US$4.79 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cigna Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) missed analyst estimates by 56%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Cigna Group (at least 1 which is concerning), and understanding these should be part of your investment process.

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