Express Scripts Sees FY16 Adj. EPS Above View; Reaffirms 2015 Guidance

(RTTNews) - Express Scripts Holding Company (ESRX) anticipates achieving adjusted earnings per share for 2016 in the range of $6.08 to $6.28, representing growth of 10% to 14% over the mid-point of its previously issued 2015 guidance range. Analysts polled by Thomson Reuters expect the company to report earnings of $6.04 per share for fiscal year 2016. Analysts' estimates typically exclude special items.

With respect to guidance for 2016 adjusted earnings per share attributable to Express Scripts, the Company said it is currently unable to reasonably estimate the charges anticipated to be included in the list of GAAP items not included in such measure, although expects to exclude amortization of intangible assets in the range of $1.64 to $1.68.

The company also reaffirmed its previously issued 2015 adjusted earnings per share guidance range, which represents growth of 13% to 14% over 2014 and reaffirmed all other previously issued 2015 financial guidance.

The company said in October that it narrowed 2015 adjusted earnings per share guidance to a range of $5.51 to $5.55, from a range of $5.46 to $5.54. Analysts expect annual earnings of $5.53 per share.