Centene Corporation (CNC) reported fourth-quarter 2023 adjusted earnings per share (EPS) of 45 cents, which beat the Zacks Consensus Estimate by 4.7%. The bottom line declined 47.7% year over year.Revenues of Centene amounted to $39.5 billion, which improved 11% year over year. The top line outpaced the consensus mark by 9.6%.The better-than-expected quarterly results benefited from growing marketplace membership, business wins and commercial growth. However, the positives were partially offset by rising op ...

Centene Corporation (NYSE:CNC) Q4 2023 Earnings Conference Call February 6, 2024 8:30 AM ET Company Participants Sarah London - Chief Executive Officer Ken Fasola - President Drew Asher - Chief Financial Officer Jenn Gilligan - Head of Investor Relations Conference Call Participants Stephen Baxter - Wells Fargo Josh Raskin - Nephron Research Kevin Fischbeck - Bank of America Justin Lake - Wolfe Research AJ Rice - UBS Scott Fidel - Stephens Lance Wilkes - Bernstein Cal Sternick - JP Morgan Gary Taylor - TD C ...

Centene (CNC) reported $39.46 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 11%. EPS of $0.45 for the same period compares to $0.86 a year ago.The reported revenue represents a surprise of +9.63% over the Zacks Consensus Estimate of $35.99 billion. With the consensus EPS estimate being $0.43, the EPS surprise was +4.65%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

Superior's family-friendly policies include workplace flexibility, parental and caregiver leave. AUSTIN, Texas, Feb. 6, 2024 /PRNewswire/ -- Superior HealthPlan ("Superior"), a leading managed care organization in Texas and wholly owned subsidiary of Centene Corporation (NYSE: CNC), today announced it has been named a Best Place for Working Parents® for a fourth consecutive year. This designation is supported by Early Matters Greater Austin, a joint initiative from United Way for Greater Austin and E3 Allia ...

Partnership to Facilitate Opportunities for Increased Independence for Kansans with Intellectual and Developmental DisabilitiesLENEXA, Kan., Feb. 1, 2024 /PRNewswire/ -- Sunflower Health Plan ("Sunflower"),  a managed care organization established to deliver quality healthcare in the state of Kansas and a wholly owned subsidiary of the Centene Corporation (NYSE: CNC), and Centene Foundation, the philanthropic arm of Centene Corporation, today announced a $390,000 grant to Living Arrangements for the Develop ...

Centene Corporation (CNC) is set to report its fourth-quarter 2023 results on Feb 6, before the opening bell.What Do the Estimates Say?The Zacks Consensus Estimate for fourth-quarter earnings per share of 43 cents suggests a 50% decrease from the prior-year figure of 86 cents. The consensus mark remained stable over the past week. The consensus estimate for fourth-quarter revenues of $36 billion indicates a 1.2% increase from the year-ago reported figure.Centene beat the consensus estimate for earnings in t ...

Wall Street analysts forecast that Centene (CNC) will report quarterly earnings of $0.43 per share in its upcoming release, pointing to a year-over-year decline of 50%. It is anticipated that revenues will amount to $35.99 billion, exhibiting an increase of 1.2% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ...

Eligible SoonerCare members will soon have access to new healthcare plans OKLAHOMA CITY, Feb. 1, 2024 /PRNewswire/ -- Oklahoma Complete Health, a care management organization serving the needs of Oklahomans with health insurance solutions and a wholly owned subsidiary of Centene Corporation (NYSE: CNC), today announced Open Enrollment for eligible SoonerCare members will occur from Feb. 1 – March 10, 2024. SoonerCare members can enroll by visiting www.MySoonerCare.org or call 800-987-7767. "Open enrollment ...

Recognition Marks Sixth Consecutive Year Centene Is in the Annual Ranking ST. LOUIS, Jan. 31, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, today announced that it has been recognized by Fortune magazine as one of the World's Most Admired Companies for the sixth consecutive year. Based on rankings by thousands of industry peers, the list captures the most well-regarded companies globally. "Centene is honored to be incl ...

Grants will provide independent physician practices with funds to implement DHCS' Equity and Practice Transformation Directed Payment Program SACRAMENTO, Calif., Jan. 30, 2024 /PRNewswire/ -- Health Net, one of California's most experienced Medi-Cal managed care health plans and a wholly owned subsidiary of Centene Corporation (NYSE: CNC), announced $2 million in grants to 47 independent physician practices throughout California. Focused on increasing access to available funding from the Department of Healt ...