Centene Corporation (CNC) currently gains from improved premium and service revenues, numerous contract wins, an expanding Marketplace business and a sound financial position.CNC’s Zacks Rank & Price PerformanceCentene currently carries a Zacks Rank #3 (Hold).The stock has gained 5.1% in the past month against the industry’s 8.3% decline. The Zacks Medical sector declined 6.1% while the S&P 500 composite decreased 1.4% in the same time frame.Image Source: Zacks Investment ResearchCentene’s Robust Growth Pro ...

Health Net Assisting Members During State of EmergencySACRAMENTO, Calif., Dec. 18, 2024 /PRNewswire/ -- In response to Gov. Gavin Newsom's declared state of emergency in California, Health Net, one of the state's most experienced Medi-Cal managed care health plans and company of Centene Corporation (NYSE: CNC), is providing special assistance to members affected by the Bird Flu. Health Net is committed to ensuring its members have uninterrupted access to essential prescription medications, critical Health N ...

The funding will help address the mental health needs of local children and youth. AUSTIN, Texas, Dec. 16, 2024 /PRNewswire/ -- Superior HealthPlan ("Superior"), a leading managed care organization in Texas and a company of Centene Corporation (NYSE: CNC), announced today that National Alliance on Mental Illness (NAMI) El Paso has been awarded a $25,000 grant in recognition of Superior's 25-year anniversary celebration. The funding will be used to help support the mental health needs of children and youth i ...

Centene Corporation (CNC) recently revealed its 2025 outlook at its investor day, reaffirming its 2024 guidance.The company continues to expect premium and service revenues within $143.5-$144.5 billion, up from the 2023 figure of $140.1 billion.Adjusted earnings per share (EPS) is projected to be at least $6.80, suggesting a significant improvement from the 2023 reported figure of $6.68. The Zacks Consensus Estimate for the same is currently pegged at $6.83 per share. The company also reiterated its HBR gui ...

Financial Guidance - For fiscal year 2025, Centene Corporation expects total revenues between $166.5 billion and $169.5 billion, slightly above the consensus of $166.58 billion [1] - The guidance includes premium and service revenues projected at $154.0 billion to $156.0 billion [1] - The company anticipates GAAP EPS greater than $6.19 and adjusted EPS greater than $7.25, compared to the consensus of $6.97 [1] Health Benefits Ratio and Expenses - Centene expects a Health Benefits Ratio (HBR) of 88.4% to 89.0% for 2025 [2] - The forecast for selling, general, and administrative (SG&A) expense ratio is between 8.1% and 8.7%, with an adjusted SG&A expense ratio also in the same range [2] 2024 Guidance Reaffirmation - The company reaffirms its 2024 premium and service revenues guidance of $143.5 billion to $144.5 billion [3] - HBR guidance for 2024 is set at 88.3% to 88.5% [3] - Adjusted diluted EPS guidance for 2024 is greater than $6.80 [3] Company Mission and Operations - Centene is dedicated to delivering high-quality outcomes for over 28 million members, focusing on medically complex and historically underserved populations [4] - The company has improved core operations and invested in customer and provider experiences while meeting financial commitments [4] Stock Performance - CNC stock increased by 1.92%, reaching $57.99 during the last check on Thursday [6]

-- 2025 adjusted diluted EPS of greater than $7.25 ---- Reaffirms 2024 adjusted diluted EPS guidance of greater than $6.80 --ST. LOUIS, Dec. 12, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("the Company"), a leading healthcare enterprise committed to helping people live healthier lives, today will host its investor day to outline its 2025 financial guidance."Centene is a mission driven organization, dedicated to delivering high quality outcomes for more than 28 million members, many of whom are amo ...

ST. LOUIS, Dec. 5, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, today announced that, in the wake of the tragic loss of UnitedHealthcare's CEO Brian Thompson, Centene's Investor Day will now be hosted virtually. The program will be webcast during the previously scheduled date and time – Thursday, December 12, 2024, starting at 8:30 a.m. Eastern Time."All of us at Centene are deeply saddened by Brian Thompson's death a ...

Three-year partnership to increase value-based payment model adoption and improve maternal and child health outcomes in community health centers, impacting up to 1 in 5 Medicaid membersST. LOUIS, Dec. 4, 2024 /PRNewswire/ -- The Centene Foundation ("The Foundation"), the philanthropic arm of Centene Corporation ("Centene") [NYSE: CNC], a healthcare enterprise focused on transforming the health of the communities it serves, today announced it has made a commitment to enter into a partnership with the Nationa ...

ST. LOUIS, Dec. 3, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, today announced that it will host an investor day on Thursday, December 12, 2024, starting at 8:30 a.m. Eastern Time. The event can be accessed via a live webcast on the Company's website at www.centene.com, under the Investors section, or directly via the following link at: https://event.webcasts.com/starthere.jsp?ei=1700085&tp_key=eac9720ef1. A webcast ...

Group 1 - Centene Corporation is a US-based healthcare enterprise providing government-sponsored healthcare services, enabling access to quality healthcare and innovative programs through managed healthcare products [2][3] - The company operates through four segments: Medicaid, Medicare, Commercial, and Other, serving over 14 million Medicaid recipients, 1.3 million Medicare Advantage members, 4.6 million Medicare Prescription Drug Plan members, and 3.9 million individuals through the Health Insurance Marketplace as of December 31, 2023 [3] - The report on Centene's tech activities includes insights into digital transformation strategies, innovation programs, technology initiatives, and investments [4][5] Group 2 - Key topics covered in the report include digital transformation strategy, innovation programs, technology focus, and partnerships [6] - The report highlights various technology initiatives, estimated ICT budgets, and major ICT contracts [4][6] - Notable companies mentioned in the report include Snowflake, Microsoft, Samsung Electronics America, and Walgreens, indicating a diverse range of partnerships and collaborations [6][7]