We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Centene (CNC) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
In its upcoming report, Centene (CNC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.89 per share, reflecting an increase of 656.3% compared to the same period last year. Revenues are forecasted to be $47.53 billion, representing a year-over-year decrease of 2.5%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Centene metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Revenues- Service' at $722.97 million. The estimate indicates a year-over-year change of -0.6%.
Based on the collective assessment of analysts, 'Revenues- Premium' should arrive at $42.49 billion. The estimate points to a change of +1.8% from the year-ago quarter.
Analysts' assessment points toward 'Revenues- Premium and service revenues' reaching $43.22 billion. The estimate points to a change of +1.8% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- Premium tax' of $4.37 billion. The estimate points to a change of -30.3% from the year-ago quarter.
According to the collective judgment of analysts, 'Membership by line of business - Total' should come in at 25.87 million. Compared to the current estimate, the company reported 28.00 million in the same quarter of the previous year.
Analysts predict that the 'Membership by line of business - Medicaid' will reach 12.23 million. Compared to the current estimate, the company reported 12.82 million in the same quarter of the previous year.
The consensus estimate for 'Membership Medicaid - Traditional Medicaid' stands at 10.75 million. Compared to the present estimate, the company reported 11.23 million in the same quarter last year.
Analysts expect 'Membership by line of business - Medicare' to come in at 1.00 million. The estimate compares to the year-ago value of 1.03 million.
Analysts forecast 'Membership by line of business - Medicare PDP' to reach 8.79 million. Compared to the current estimate, the company reported 7.85 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Membership Medicaid - High Acuity Medicaid' will likely reach 1.47 million. Compared to the present estimate, the company reported 1.59 million in the same quarter last year.
It is projected by analysts that the 'Total Medical Health (Benefits) loss Ratios -Total Ratio (HBR)' will reach 91.5%. The estimate is in contrast to the year-ago figure of 93.0%.
The consensus among analysts is that 'Membership - Commercial' will reach 3.85 million. Compared to the current estimate, the company reported 6.31 million in the same quarter of the previous year.
Centene shares have witnessed a change of +4.6% in the past month, in contrast to the Zacks S&P 500 composite's +0.4% move. With a Zacks Rank #3 (Hold), CNC is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Centene (CNC) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
In its upcoming report, Centene (CNC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.89 per share, reflecting an increase of 656.3% compared to the same period last year. Revenues are forecasted to be $47.53 billion, representing a year-over-year decrease of 2.5%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Centene metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Revenues- Service' at $722.97 million. The estimate indicates a year-over-year change of -0.6%.
Based on the collective assessment of analysts, 'Revenues- Premium' should arrive at $42.49 billion. The estimate points to a change of +1.8% from the year-ago quarter.
Analysts' assessment points toward 'Revenues- Premium and service revenues' reaching $43.22 billion. The estimate points to a change of +1.8% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- Premium tax' of $4.37 billion. The estimate points to a change of -30.3% from the year-ago quarter.
According to the collective judgment of analysts, 'Membership by line of business - Total' should come in at 25.87 million. Compared to the current estimate, the company reported 28.00 million in the same quarter of the previous year.
Analysts predict that the 'Membership by line of business - Medicaid' will reach 12.23 million. Compared to the current estimate, the company reported 12.82 million in the same quarter of the previous year.
The consensus estimate for 'Membership Medicaid - Traditional Medicaid' stands at 10.75 million. Compared to the present estimate, the company reported 11.23 million in the same quarter last year.
Analysts expect 'Membership by line of business - Medicare' to come in at 1.00 million. The estimate compares to the year-ago value of 1.03 million.
Analysts forecast 'Membership by line of business - Medicare PDP' to reach 8.79 million. Compared to the current estimate, the company reported 7.85 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Membership Medicaid - High Acuity Medicaid' will likely reach 1.47 million. Compared to the present estimate, the company reported 1.59 million in the same quarter last year.
It is projected by analysts that the 'Total Medical Health (Benefits) loss Ratios -Total Ratio (HBR)' will reach 91.5%. The estimate is in contrast to the year-ago figure of 93.0%.
The consensus among analysts is that 'Membership - Commercial' will reach 3.85 million. Compared to the current estimate, the company reported 6.31 million in the same quarter of the previous year.
View all Key Company Metrics for Centene here>>>Centene shares have witnessed a change of +4.6% in the past month, in contrast to the Zacks S&P 500 composite's +0.4% move. With a Zacks Rank #3 (Hold), CNC is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .