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Insurance giant Aetna Inc. (AET) will be reporting its fourth quarter numbers tomorrow before the market opens.Analysts are expecting to see the company show earnings of 42 cents per share. During the same period last year the company had earnings of 96 cents per share.
Aetna is the third-largest managed care company based on medical enrollment and one thing that analysts are going to looking to hear from the company is its outlook for 2010.
After setting a new 52-week high in late December, the stock sold off during January after the company announced that it expected lower than previously forecast 2009 operating earnings.
The recession has hurt the big insurers as companies have been forced to lay off workers and therefore reduced the number of employees covered by their insurance providers. The company has previously estimated that it would end 2009 with 18.8 million people covered. Analysts are definitely going to be looking to see just how close to that estimate the actual figures are.
Fellow insurance provider Aflac Incorporated (AFL) posted better than expected numbers last night, but the stock dropped over 5% today with the company posted better than expected earnings, but failed to hit its revenue target.
Analysts are expecting to see Aetna post revenues for the quarter of $8.65 billion.
The stock traded down with the overall market today, falling 3.6% on the day to $29.23, down $1.10.
Look for earnings before the market opens tomorrow, and we will update you with all the results once they become available.
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