SACRAMENTO, Calif., July 29, 2024 /PRNewswire/ -- In response to Gov. Gavin Newsom's declared state of emergency in Plumas, Butte and Tehama counties, Health Net, one of California's most experienced Medi-Cal managed care health plans and company of Centene Corporation, is providing special assistance to assist members affected by the Gold Complex and Park Fires. Health Net is committed to ensuring its members have uninterrupted access to essential prescription medications, critical Health Net information a ...

Centene (CNC) shares jumped in intraday trading Friday as the managed care provider reported better-thanexpected profit and sales and raised its guidance as its premium and services sales and members increased. The company posted second-quarter adjusted earnings per share (EPS) of $2.42, with revenue gaining 5.9% year-over-year to $39.84 billion. Analysts polled by Visible Alpha were expecting adjusted EPS of $2.11 on revenue of $36.79 billion. Memberships increased by 65,800 to 28.48 million. Chief Executi ...

Revenues rose 5.9% year over year to $39.8 billion. The top line beat the consensus mark by 9.1%. Quarterly Operational Update Premiums of Centene rose 4.2% year over year to $35.1 billion, higher than the Zacks Consensus Estimate of $33 billion. The improvement came on the back of a growing customer base in the Marketplace business as a result of solid product positioning and growth in the overall market, partly offset by a decline in Medicaid membership stemming from redeterminations. As of Jun 30, 2024, ...

Company Participants Conference Call Participants Operator This time, Iâd like to turn the floor over to Jen Gilligan, Head of Investor Relations. Maâam, please go ahead. Thank you, Jamie and good morning everyone. Thank you for joining us on our second quarter 2024 earnings release conference call. Sarah London, Chief Executive Officer, Andrew Asher, Executive Vice President and Chief Financial Officer of Centene will host this morningâs call, which also can be accessed through our website at centence.com. ...

For the quarter ended June 2024, Centene (CNC) reported revenue of $39.84 billion, up 5.9% over the same period last year. EPS came in at $2.42, compared to $2.10 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $36.51 billion, representing a surprise of +9.10%. The company delivered an EPS surprise of -0.82%, with the consensus EPS estimate being $2.44. Total Medical Health (Benefits) loss Ratios -Total Ratio (HBR): 87.6% versus the five-analyst average estimate of ...

Centene (CNC) came out with quarterly earnings of $2.42 per share, missing the Zacks Consensus Estimate of $2.44 per share. This compares to earnings of $2.10 per share a year ago. These figures are adjusted for nonrecurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earn ...

© 2023 Bloomberg Finance LP "While we have work to do in Medicaid as redeterminations wind down, the overall performance of the diversified portfolio enables us to remain on track for 2024 adjusted diluted EPS guidance," Centene chief executive officer Sarah M. London said. "At the same time, we continue to make important progress on operations and quality that positions us well to serve our members and deliver long-term profitable growth." The growth in commercial marketplace, or Obamacare, helped increase ...

Exhibit 99.1 N E W S R E L E A S E Contact: Investor Relations Inquiries Media Inquiries Jennifer Gilligan Shannon Susko Senior Vice President, Finance & Investor Relations Senior Vice President, Chief Communications Officer (212) 549-1306 (314) 445-0790 FOR IMMEDIATE RELEASE CENTENE CORPORATION REPORTS SECOND QUARTER 2024 RESULTS -- Diluted EPS of $2.16; Adjusted Diluted EPS of $2.42 -- -- Reaffirms 2024 Adjusted Diluted EPS Guidance Floor of Greater Than $6.80 -- • Adjusted diluted EPS of $2.42, up 15% fr ...

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 June 30, 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 f ...

Over the last 30 days, there has been an upward revision of 2.1% 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 course of this timeframe. While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding. The comb ...