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Centene (CNC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
CNCCentene(CNC) ZACKS·2025-02-04 15:37

Core Insights - Centene reported revenue of 40.81billionforthequarterendedDecember2024,reflectingayearoveryearincreaseof3.440.81 billion for the quarter ended December 2024, reflecting a year-over-year increase of 3.4% and surpassing the Zacks Consensus Estimate of 38.96 billion by 4.75% [1] - The company's EPS for the quarter was 0.80,significantlyhigherthanthe0.80, significantly higher than the 0.45 reported in the same quarter last year, resulting in an EPS surprise of 63.27% compared to the consensus estimate of 0.49[1]FinancialPerformanceMetricsTotalMedicalHealthBenefitslossratiowasreportedat89.60.49 [1] Financial Performance Metrics - Total Medical Health Benefits loss ratio was reported at 89.6%, slightly better than the average estimate of 90% from five analysts [4] - Membership in Traditional Medicaid reached 11.41 million, exceeding the average estimate of 11.38 million [4] - Total Medicaid membership was reported at 13 million, above the average estimate of 12.98 million [4] - High Acuity Medicaid membership was consistent with estimates at 1.6 million [4] - Premium and service revenues totaled 36.30 billion, surpassing the average estimate of 35.50billionandshowingayearoveryearincreaseof2.735.50 billion and showing a year-over-year increase of 2.7% [4] - Premium revenues were reported at 35.52 billion, exceeding the estimate of 34.71billionandreflectinga3.834.71 billion and reflecting a 3.8% year-over-year increase [4] - Service revenues were 777 million, slightly below the average estimate of 782.17million,markingasignificantyearoveryeardeclineof29.8782.17 million, marking a significant year-over-year decline of 29.8% [4] - Premium tax revenues reached 4.51 billion, well above the average estimate of 3.07billion,representingayearoveryearincreaseof9.43.07 billion, representing a year-over-year increase of 9.4% [4] - Commercial premium and service revenues were reported at 8.72 billion, exceeding the estimate of 8.47billionandshowingayearoveryearincreaseof17.88.47 billion and showing a year-over-year increase of 17.8% [4] - Medicare premium and service revenues were 5.48 billion, slightly below the average estimate of 5.70billion,withayearoveryearincreaseof3.55.70 billion, with a year-over-year increase of 3.5% [4] - Medicaid premium and service revenues totaled 20.83 billion, surpassing the average estimate of 20.16billion,butreflectingayearoveryeardeclineof1.420.16 billion, but reflecting a year-over-year decline of 1.4% [4] - Other premium and service revenues were reported at 1.27 billion, exceeding the estimate of $1.19 billion, but showing a year-over-year decline of 16.8% [4] Stock Performance - Centene's shares have returned 3.4% over the past month, outperforming the Zacks S&P 500 composite, which saw a 1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]