Earnings Preview: Aetna shares up 16% since last earnings report Aetna (AET) is scheduled to report second quarter earnings before the market open on Tuesday, July 29, with a conference call scheduled for 8:30 am ET. Aetna operates as a diversified health care benefits company in the United States. EXPECTATIONS: Analysts are looking for earnings per share of $1.60 on revenue of $13.99B, according to First Call. The consensus range for EPS is $1.50-$1.77 on revenue of $13.23B-$14.51B. LAST QUARTER: On April 24, Aetna reported first quarter EPS of $1.98 against estimates of $1.56 on revenue of $13.99B against estimates of $13.72B. Aetna said operating revenues for Q1 were $14B compared with $9.5B in Q1 of the previous year. The 47% increase in operating revenues was primarily the result of higher Health Care premiums from the acquisition of Coventry and pricing actions designed to recover Health Care Reform mandated fees and taxes as well as membership growth in our underlying Health Care businesses. STREET RESEARCH: On June 10, Credit Suisse said meetings with Aetna management were upbeat and reinforced its positive view. Management noted cost trends remained muted and were optimistic on Community Health integration, public/private exchanges and M&A. Shares are Outperform rated with a price target of $90. PRICE ACTION: Shares of Aetna are up more than 16% since its last earnings report. Shares are 1.7% higher today in afternoon trading ahead of tomorrow's earnings report.