Wedbush is maintaining its WellCare Health Plans WCG 2011 estimate of $2.73 and its 2012 estimate of $3.18 but has lowered its 1Q11 estimate to $0.17 from $0.22.
“We have adjusted the seasonality of our estimates to reflect current enrollment mixes in several markets and an updated view of the progression in SG&A savings,” Wedbush writes.
WellCare Health Plans closed Monday at $42.20.
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