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Centene's (CNC) Q1 results reflect strength in the Commercial business line. Management currently expects adjusted EPS to be greater than $6.80 for 2024.
Although the revenue and EPS for Centene (CNC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Centene reported first quarter profits of $1.1 billion as membership and premium revenue grew thanks to a big increase in Obamacare enrollment, the health insurer said Friday.
Centene Corp raised annual profit forecast and beat Wall Street estimates for first-quarter profit on Friday, helped by higher premiums from its commercial insurance business.
Centene Corp.'s stock CNC, -0.67% rose 2.7% early Friday, after the managed healthcare provider blew past earnings estimates for the first quarter and raised its full-year guidance. St. Louis-based Centene had net profit of $1.163 billion, or $2.16 a share, for the quarter, up from $1.130 billion, or $2.04 a share, in the year-earlier period.
Centene's (CNC) first-quarter earnings are likely to reflect significant growth in commercial marketplace membership.
Beyond analysts' top -and-bottom-line estimates for Centene (CNC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
Centene (CNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Centene's (CNC) Meridian secures a contract from the Michigan Department of Health and Human Services, which gives it the opportunity to better serve the health needs of the state's Medicaid members.