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Have you been eager to see how Centene Corporation (CNC - Free Report) ) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this popular global professional services company’s earnings release this morning.
An Earnings Beat
Centene came out with operating earnings of $2.17 per share, which beat the Zacks Consensus Estimate of $1.92.
Centene has a decent earnings surprise history. The company delivered positive surprises in each of the last four quarters, with an average beat of 11.63%.
Revenue Came In a Bit Higher than Expected
Centene posted revenues of $13,194 million, which was slightly higher than the Zacks Consensus Estimate of $13,192 million.
Key Q4 Statistics
Managed care membership was 12.8 million on Mar 31, 2018, up 6% year over year.
Health benefits ratio (HBR) was 84.3% in the first quarter of 2018, compared to 87.6% in the prior year quarter.
Adjusted SG&A expense ratio came at 10.3% for the first quarter of 2018, compared to 9.3% in the year-ago quarter.
Operating cash flow was $1.8 billion at the end of the first quarter of 2018, representing 5.5x net earnings.
2018 Guidance Revised
For 2018, Centene expects adjusted earnings per diluted share to be in the range of $6.75 - $7.15, as against the previously guided range of $6.95- $7.35.
Total revenues are expected to be in the range of $58.2 billion to $59 billion, down from the previous guidance of $60.6 billion to $61.4 billion.
What Zacks Rank Says
Centenecarries a Zacks Rank #3 (Hold). However, since the latest earnings performance yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Centene earnings report!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Centene (CNC) Beats Q1 Earnings and Revenues
Have you been eager to see how Centene Corporation (CNC - Free Report) ) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this popular global professional services company’s earnings release this morning.
An Earnings Beat
Centene came out with operating earnings of $2.17 per share, which beat the Zacks Consensus Estimate of $1.92.
Centene Corporation Price and EPS Surprise
Centene Corporation Price and EPS Surprise | Centene Corporation Quote
Earnings Surprise History
Centene has a decent earnings surprise history. The company delivered positive surprises in each of the last four quarters, with an average beat of 11.63%.
Revenue Came In a Bit Higher than Expected
Centene posted revenues of $13,194 million, which was slightly higher than the Zacks Consensus Estimate of $13,192 million.
Key Q4 Statistics
Managed care membership was 12.8 million on Mar 31, 2018, up 6% year over year.
Health benefits ratio (HBR) was 84.3% in the first quarter of 2018, compared to 87.6% in the prior year quarter.
Adjusted SG&A expense ratio came at 10.3% for the first quarter of 2018, compared to 9.3% in the year-ago quarter.
Operating cash flow was $1.8 billion at the end of the first quarter of 2018, representing 5.5x net earnings.
2018 Guidance Revised
For 2018, Centene expects adjusted earnings per diluted share to be in the range of $6.75 - $7.15, as against the previously guided range of $6.95- $7.35.
Total revenues are expected to be in the range of $58.2 billion to $59 billion, down from the previous guidance of $60.6 billion to $61.4 billion.
What Zacks Rank Says
Centenecarries a Zacks Rank #3 (Hold). However, since the latest earnings performance yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Centene earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>