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CNC now projects premium and service revenues of $158-$160 billion in 2025.
Centene Corporation (NYSE:CNC ) Q4 2024 Earnings Conference Call February 4, 2025 8:30 AM ET Company Participants Jennifer Gilligan - Senior Vice President, Finance and Investor Relations Sarah London - Chief Executive Officer Andrew Asher - Executive Vice President and Chief Financial Officer Conference Call Participants Josh Raskin - Nefron Research Justin Lake - Wolfe Research Stephen Baxter - Wells Fargo A.J. Rice - UBS Adam Ron - Bank of America Sarah James - Cantor Fitzgerald Scott Fidel - Stephens Lance Wilkes - Bernstein Michael Ha - Baird George Hill - Deutsche Bank David Windley - Jefferies John Stansel - J.P.
On Tuesday, Centene Corporation CNC reported fourth-quarter sales of $40.80 billion. That's up 3.41% year-over-year, beating the consensus of $39.13 billion.
Although the revenue and EPS for Centene (CNC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Centene (CNC) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.45 per share a year ago.
Centene Tuesday reported $3.3 billion in 2024 profits as Obamacare enrollment and premium revenue helped overcome a big dip in Medicaid enrollment.
Centene beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by strength in its commercial health insurance plans.
-- 2024 Full Year Diluted EPS of $6.31; Adjusted Diluted EPS of $7.17 -- 2024 adjusted diluted EPS of $7.17, up 7% from $6.68 in 2023. Membership increases of 12% in Marketplace and 50% in Medicare PDP, compared to the fourth quarter of 2023.
Evaluate the expected performance of Centene (CNC) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
CNC's fourth-quarter earnings are likely to have benefited from growing Commercial business.