Centene Corp reports results for the quarter ended March 31 - Earnings Summary

• Centene Corp CNC.N reported quarterly adjusted earnings of $2.90​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $2.26. The mean expectation of seventeen analysts for the quarter was for earnings of $2.54 per share. Wall Street expected results to range from $1.96 to $2.74 per share.

• Revenue rose 15.4% to $46.62 billion from a year ago; analysts expected $43.36 billion.

• Centene Corp's reported EPS for the quarter was $2.63​.

• The company reported quarterly net income of $1.31 billion.

• Centene Corp shares had risen by 1.4% this quarter and gained 1.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the managed healthcare peer group is also "buy"

• Wall Street's median 12-month price target for Centene Corp is $80.00

This summary was machine generated from LSEG data April 25 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)