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Market Overview

Centene: Q4 Earnings Insights

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Shares of Centene (NYSE:CNC) moved higher by 0.5% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share decreased 36.99% over the past year to $0.46, which missed the estimate of $0.47.

Revenue of $28,288,000,000 rose by 49.97% from the same period last year, which missed the estimate of $28,360,000,000.

Outlook

The upcoming fiscal year's EPS expected to be between $5.00 and $5.30.

The upcoming fiscal year's revenue expected to be between $116,100,000,000 and $118,100,000,000.

Conference Call Details

Date: Feb 09, 2021

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/rxidsvw9

Price Action

52-week high: $74.70

52-week low: $43.96

Price action over last quarter: down 4.35%

Company Profile

Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. After acquiring WellCare in early 2020, Centene serves nearly 25 million members, mostly in Medicaid (13 million), Medicare (5 million total, including 4 million in Part D plans and 1 million in Medicare Advantage), the individual exchanges (2 million), and other plans (4 million), including Tricare (West region), correctional facility, and international plans.

 

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Posted-In: BZI-RecapsEarnings News

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