Health Net Inc. has issued an initial 2013 earnings forecast that comes with room for growth according to analysts who cover the health insurer.

The Woodland Hills, Calif., company said Tuesday after markets closed that it expects earnings per share next year to range from $2 to $2.10, with revenue of between $10.7 billion and $11.2 billion.

Analysts expect, on average, earnings of $2.03 per share on $12.06 billion in revenue, according to FactSet.

Health Net provides commercial health insurance and administers Medicaid and Medicare coverage. It does most of its business in California.

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