Citi: WellCare Health Plans 4Q11 Initial EPS

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

According to a research report released today by Citi, WellCare Health Plans (NYSE: WCG) was expected to guide well below the 2012 consensus, so the company's guidance will be seen as positive.In the report, Citi stated, “Operating earnings in the fourth quarter were $2.15 per share, compared with consensus of $1.18, driven by $66 million ($1.03 per share) in favorable development and a much lower tax rate ($0.19 per share). Excluding the development and the tax rate, WellCare's earnings for the quarter would have been $0.93 per share, lower than the company's guidance for earnings of $0.97-1.07 per share. A higher than normal medical loss ratio assumption for the new Kentucky contract likely contributed.”Citi maintains its Buy rating and $70 PT on WellCare Health Plans, which closed yesterday at $62.96.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!