Express Scripts Guidance Fails to Thrill Wall Street
Express Scripts revealed its 2017 financial guidance earlier today, and the Street is hardly enthralled, with shares falling sharply.
Express Scripts (ESRX) revealed its 2017 financial guidance earlier today, and Wall Street is hardly enthralled, with shares falling sharply.The company says it expects profits in the range of $6.82 to $7.02 a share, representing growth of 7% to 10% from the midpoint of its 2016 adjusted EPS guidance range. Wall Street analysts were looking for $6.93 a share. EBITDA, meanwhile, is expected to range from $7.31 to $7.51 a share. Total adjusted total claims are seen ranging from 1.375 million to 1.425 million compared to the 1.4 million to 1.415 million claims expected in 2016.
