Have you been eager to see how Cigna Corp. (CI – Free Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this multi-line insurance company’s earnings release this morning.

An Earnings Beat

Cigna came out with adjusted earnings per share of $2.83, beating the Zacks Consensus Estimate of $2.36. Earnings also grew 46% year over year.

Better-than-expected earnings were primarily driven by broad based growth across its business segments.

Earnings Surprise History

Cigna has a decent earnings surprise history. Before posting the earnings beat in Q3, the company delivered positive surprises in each of the four trailing quarters, with an average beat of 10%.

Cigna Corporation Price and EPS Surprise

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Revenue Ahead of Estimates

Cigna posted revenues of $10.27 billion, which surpassed the Zacks Consensus Estimate of $10.13 billion.Revenues grew 4.7% year over year.

Key Stats to Note

Premium were up 5.6% year over year to $8 billion, while fees increased 4.7% to $1.14 billion.

The company medical enrollment grew to 15.82 million from 15.18 million in the year ago quarter, driven by growth in its Commercial market segments.

Cigna’s cash and marketable investments were of $1.7 billion as of Sep 30, 2017 down from $2.8 billion as of Dec 31, 2016.

Guidance Update

Followed by strong earnings performance, the company raised its outlook for 2017 adjusted earnings to a range of $10.20 to $10.40 per share.

What Zacks Rank Says

Cigna carries a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here).