Earnings Outlook For Centene

Centene (NYSE:CNC) is set to give its latest quarterly earnings report on Friday, 2024-10-25. Here's what investors need to know before the announcement.

Analysts estimate that Centene will report an earnings per share (EPS) of $1.42.

Investors in Centene are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Earnings History Snapshot

During the last quarter, the company reported an EPS beat by $0.35, leading to a 0.0% drop in the share price on the subsequent day.

Here's a look at Centene's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.07

2.08

0.43

1.57

EPS Actual

2.42

2.26

0.45

2

Price Change %

8.0%

-2.0%

0.0%

-1.0%

Performance of Centene Shares

Shares of Centene were trading at $59.82 as of October 23. Over the last 52-week period, shares are down 7.51%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Analysts' Take on Centene

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Centene.

Analysts have given Centene a total of 12 ratings, with the consensus rating being Outperform. The average one-year ...