(USD) | Dec 2023 | Q/Q |
---|---|---|
Revenue | 35.3B | +1% |
Gross Profit | 34.4B | - |
Cost Of Revenue | 961MM | +12% |
Operating Income | -194MM | -126% |
Operating Expenses | 34.6B | - |
Net Income | 45MM | -90% |
G&A | 3.5B | +14% |
Amortization | 176MM | -2% |
Interest Expense | 183MM | +1% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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CNC earnings call for the period ending March 31, 2024.
Centene's (CNC) Q1 results reflect strength in the Commercial business line. Management currently expects adjusted EPS to be greater than $6.80 for 2024.
Although the revenue and EPS for Centene (CNC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Robust Marketplace Growth and Strategic Expansions Underpin Performance
Centene Corp raised its annual profit forecast and beat Wall Street estimates for first-quarter profit on Friday, helped by higher premiums from its commercial insurance business. An over 35% jump in memberships in commercial plans, private health insurance offerings for individuals and families, helped cushion the impact from a drop in Medicaid plan members. Health insurers, especially Centene, have seen a decline in Medicaid memberships intended for people with limited income after many who ...
Centene Corporation (NYSE: CNC) ("the Company") announced today its financial results for the first quarter ended March 31, 2024. In summary, the 2024 first quarter results were as follows:
The nation's largest Medicaid insurer expects to return to normal operations this year, though redeterminations continue to dog Centene through a mismatch between rates and acuity.
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Humana (HUM) delivered earnings and revenue surprises of 20.10% and 2.55%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Centene's (CNC) first-quarter earnings are likely to reflect significant growth in commercial marketplace membership.