ST. LOUIS and NASHVILLE, Tenn., May 2, 2024 /PRNewswire/ -- Wellcare, the Medicare business of Centene Corporation (NYSE: CNC), and Wellvana, a value-based care physician enablement company, today announced a multi-year partnership that seeks to expand affordable, patient-centered primary healthcare to thousands of Wellcare Medicare Advantage members in Georgia, Tennessee and Texas. The partnership will support independent primary care physicians involved in valued-based care in those states to improve clin ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?Developed ...

Centene Corporation (CNC) reported first-quarter 2023 adjusted earnings per share (EPS) of $2.26, which outpaced the Zacks Consensus Estimate by 8.1%. The bottom line improved 7.1% year over year.Revenues advanced 3.9% year over year to $40.4 billion. The top line beat the consensus mark by 11%.The quarterly results benefited on the back of solid Marketplace membership growth and contract wins, which fetched improved premiums to the health insurer.  Steady growth of the Medicare business also contributed to ...

Operator Thank you. And our next question comes from Lance Wilkes with Bernstein. Please go-ahead. Lance Wilkes Great. Thanks. Can you talk a little bit about the PBM migration? And in particular, I was interested in if all the savings levers turned on January 1st or if there should be a ramp of that over the course of the year with things like formulary alignment, et-cetera? And if any of that might spill into 2025? And maybe then as a broader question, just in your ongoing dialogues with states, how are t ...

For the quarter ended March 2024, Centene (CNC) reported revenue of $40.41 billion, up 3.9% over the same period last year. EPS came in at $2.26, compared to $2.11 in the year-ago quarter.The reported revenue represents a surprise of +10.97% over the Zacks Consensus Estimate of $36.41 billion. With the consensus EPS estimate being $2.09, the EPS surprise was +8.13%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their nex ...

Centene reported first quarter 2024 profits of $1.1 billion as membership and premium revenue grew ... [+] thanks to a big increase in Obamacare enrollment, the health insurer said Friday. In this picture is, Sarah London, chief executive officer of Centene Corp., during the Forbes Healthcare Summit in New York, US, on Tuesday, Dec. 5, 2023. T Photographer: Michael Nagle/Bloomberg© 2023 Bloomberg Finance LPCentene reported first quarter profits of $1.1 billion as membership and premium revenue grew thanks t ...

N E W S R E L E A S E FOR IMMEDIATE RELEASE • 2024 adjusted diluted EPS of $2.26, up over 7% from $2.11 in the first quarter of 2023. Other Events Exhibit 99.1 • Premium and service revenues of $36.3 billion in the first quarter of 2024. Increases 2024 full year premium and service revenue guidance by $1.0 billion. • Membership increase of 41% in Marketplace, compared to the first quarter of 2023. ST. LOUIS, April 26, 2024 -- Centene Corporation (NYSE: CNC) ("the Company") announced today its financial resu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ___________________________________________ FORM 10-Q ____________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ ____________________________________________ Commission ...

Centene Corporation (CNC) is set to report its first-quarter 2024 results on Apr 26, before the opening bell. Analysts are anticipating a robust performance in its commercial segment, although lower Medicaid membership may offset its results.Let’s delve deeper.The company’s memberships are on a decline, especially in Medicaid and Medicare, due to redeterminations. We expect total Medicaid membership to decline almost 13% year over year in the first quarter, along with an 11% fall in Medicare membership.The ...

Analysts on Wall Street project that Centene (CNC) will announce quarterly earnings of $2.09 per share in its forthcoming report, representing a decline of 1% year over year. Revenues are projected to reach $36.41 billion, declining 6.4% from the same quarter last year.Over the last 30 days, there has been an upward revision of 5.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the ...