CNC's Meridian Health Plan wins a D-SNP contract in Illinois, expanding enhanced managed care for Medicare-Medicaid-eligible individuals. The deal is likely to boost Centene's foothold and membership base in the state.
Centene Corporation is a buy opportunity under $60, with a strong valuation and momentum, despite market volatility and economic concerns. The company reported strong Q4 '24 results, with EPS of $0.80 and FY '24 EPS of $7.17, and management raised 2025 revenue guidance by $4 billion. Risks include potential Medicaid and Medicare enrollment cuts, program pullbacks, and cash flow concerns for the company, but we expect management to navigate these challenges.
Centene (CNC) reported earnings 30 days ago. What's next for the stock?
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.
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.