For the first quarter the health insurance provider posted earnings of $2.30 a share, beating the FactSet estimate of $2.10 a share by 20 cents. Revenue grew 1.2% from the year-ago quarter to $17.64 billion, missing analysts' estimates of $17.95 billion.
Looking to the full-year 2014 WellPoint now expects earnings of $8.40 a share, up from its previous guidance of $8.20 a share. Analysts' estimates call for earnings of $8.41 a share.
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TheStreet Ratings team rates WELLPOINT INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate WELLPOINT INC (WLP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: