Centene Corporation logo

Centene Corporation (CNC)

Market Closed
7 Jul, 20:00
NYSE NYSE
$
33. 05
-0.26
-0.78%
$
16.58B Market Cap
16.46 P/E Ratio
0% Div Yield
22,992,100 Volume
6.67 Eps
$ 33.31
Previous Close
Day Range
32.99 33.83
Year Range
32.99 80.59
Want to track CNC and more in your Portfolio? 🎯
Sign up for Marketlog, a portfolio tracker that will exceed your expectations!
Earnings results expected in 16 days
Centene shares plummet as it withdraws full-year guidance

Centene shares plummet as it withdraws full-year guidance

Centene Corp (NYSE:CNC) shares fell almost 40% after the healthcare company withdrew its full-year 2025 financial guidance due to weak growth and higher-than-expected costs in its Affordable Care Act (ACA) marketplace business. Based on a preliminary analysis from the independent actuarial firm Wakely, Centene anticipates a $1.8 billion shortfall in risk adjustment revenue for 2025, which translates to a $2.75 per share reduction in adjusted earnings.

Proactiveinvestors | 5 days ago
Centene Pulls 2025 Guidance as Marketplace Growth Falters

Centene Pulls 2025 Guidance as Marketplace Growth Falters

CNC pulls its 2025 forecast after a $1.8B risk adjustment shortfall. Also, weak Marketplace growth shakes investor confidence.

Zacks | 5 days ago
Is Centene (CNC) Stock Undervalued Right Now?

Is Centene (CNC) Stock Undervalued Right Now?

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.

Zacks | 5 days ago
5 Low Price-to-Book Value Stocks to Buy in July for Solid Returns

5 Low Price-to-Book Value Stocks to Buy in July for Solid Returns

The P/B ratio helps to identify low-priced stocks with high growth prospects. CNC, CVS, ODP, STNE and PSFE are some such stocks.

Zacks | 5 days ago
Centene's Medicaid business and healthcare costs are a problem, and its stock plunges

Centene's Medicaid business and healthcare costs are a problem, and its stock plunges

Centene's stock suffers a historic plunge as underestimation of healthcare costs leads the insurer to withdraw its full-year earnings outlook.

Marketwatch | 5 days ago
Centene: Is The 25% Fall In CNC Stock Justified?

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.

Forbes | 5 days ago
Centene Stock Plummets 27%. What Sparked the Brutal Selloff.

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.

Barrons | 5 days ago
Centene Latest Insurer Facing Higher Costs As GOP Preps Bigger Hit

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.

Forbes | 5 days ago
Facing Slower Growth, Health Insurer Centene Pulls 2025 Profit Outlook

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.

Forbes | 6 days ago
Centene withdraws 2025 forecast after review of marketplace risk adjustment

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.

Reuters | 6 days ago
CENTENE CORPORATION WITHDRAWS 2025 GUIDANCE

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.

Prnewswire | 6 days ago
Centene (CNC) Loses 5.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

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.

Zacks | 1 week ago
Loading...
Load More