Benzinga | Mar 8, 2021 06:21AM EST

Cigna's Filing Shows Co. Expects To Reaffirm FY21 Sales Guidance of At Least $165B Vs. $165.72B Est., Sees FY21 EPS At Least $20.00 Vs. $20.29 Est.

As previously disclosed, on March 8, 2021, Cigna Corporation ("Cigna" or the "Company") will host its virtual Investor Day beginning at approximately 8:30 a.m. eastern time. During Investor Day, as well as in meetings with investors and analysts over the next several weeks, Cigna officials expect to reaffirm projected full year 2021 consolidated adjusted revenues of at least $165 billion, projected full year 2021 consolidated adjusted income from operations of at least $6.95 billion, projected full year 2021 consolidated adjusted income from operations on a per share basis of at least $20.00 per share, and projected 2021 weighted average shares outstanding in the range of 346 million to 349 million. This outlook includes approximately $1.25 per share in net unfavorable impacts of COVID-19, as well as the impact of future share repurchases and anticipated 2021 dividends. The outlook also includes anticipated impacts from the agreement to acquire MDLive, Inc., as announced on February 26, 2021.

Cigna previously discussed its full year 2021 outlook in its press release and investor presentation dated February 4, 2021 and during therelated investor conference call. The press release, presentation and the conference call transcript are available on the Investor Relations page of Cigna's website located at www.cigna.com. Forward-looking statements in these documents and the related call speak only as of the date they were made.

The virtual Investor Day is expected to begin at approximately 8:30 a.m. eastern time and conclude by 11:30 a.m. eastern time. Investors and analysts are invited to listen to the presentation free over the Internet via webcast by visiting the Investor Relations page of Cigna's website located at www.cigna.com. The Investor Relations section of the Company's website also contains materials relating to the Investor Day presentations, including definitions of certain metrics not determined in accordance with accounting principles generally accepted in the United States of America ("GAAP") and reconciliations of certain historic non-GAAP metrics to the most directly comparable GAAP measures.