Centene: Is The 25% Fall In CNC Stock Justified?
Centene Corporation (NYSE:CNC) experienced a challenging Tuesday evening, witnessing a 25% drop in shares during after-hours trading on July 1st. The significant decline in the healthcare giant's stock wasn't merely another example of market fluctuations; it was directly sparked by the company's complete withdrawal of its 2025 guidance, creating turmoil among investors.
Centene Stock Plummets 27%. What Sparked the Brutal Selloff.
It's been a tough year for health insurance stocks, with UnitedHealth also tumbling after the company pulled its guidance.
Centene Latest Insurer Facing Higher Costs As GOP Preps Bigger Hit
News government-subsidized health insurance provider Centene is withdrawing its 2025 financial guidance comes as the Republican-controlled Congress is poised to slash hundreds of billions of dollars in funding to Medicaid and Obamacare markets largely administered by health insurers.
Facing Slower Growth, Health Insurer Centene Pulls 2025 Profit Outlook
Health insurer Centene, one of the nation's biggest providers of individual coverage under the Affordable Care Act known as Obamacare, on Tuesday withdrew its 2025 guidance, saying market growth in more than 20 states is lower than expected.
Centene withdraws 2025 forecast after review of marketplace risk adjustment
U.S. health insurer Centene said on Tuesday it has withdrawn its 2025 earnings forecast, sending its shares down nearly 22% in extended trading.
CENTENE CORPORATION WITHDRAWS 2025 GUIDANCE
ST. LOUIS , July 1, 2025 /PRNewswire/ -- Centene Corporation (NYSE: CNC) (Centene, the Company) is withdrawing its previous 2025 GAAP and adjusted diluted earnings per share (EPS) guidance, including the underlying guidance elements. Marketplace 2025 Risk Adjustment Update The Company recently received and analyzed its first view of 2025 industry Health Insurance Marketplace (Marketplace) data from Wakely, an independent actuarial firm, covering 22 of Centene's 29 Marketplace states, and representing approximately 72% of the Company's Marketplace membership.
Centene (CNC) Loses 5.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Centene (CNC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Looking for Earnings Beat? Buy These 5 Top-Ranked Stocks
Top-ranked stocks Centene (CNC), Astera Labs Inc. (ALAB), Five9 (FIVN), Uber Technologies (UBER) and Voya Financial (VOYA) are likely to beat on the bottom line in their upcoming releases.
Bet on These 4 Stocks With Exciting Interest Coverage Ratio
URBN, STRL, MOH and CNC show strong interest coverage ratios, signaling solid debt management and earnings strength.
Should Value Investors Buy Centene (CNC) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
4 Value Stocks to Shield Your Portfolio Amid Geopolitical Turmoil
As geopolitical risks jolt markets, STNE, CNC, CVS and PFE shine with low cash flow valuations and solid earnings outlooks.
Centene (CNC) Upgraded to Buy: What Does It Mean for the Stock?
Centene (CNC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
