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Centene (CNC)
NYSE:CNC
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.22Last Year’s EPS
2.26Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: -9.78%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
Centene demonstrated strong financial performance in 2024, with notable growth in revenue and EPS, and improvements in Medicare Stars ratings. However, challenges in Medicaid membership and cash flow from operations present areas of concern. The company remains cautious about potential impacts from program integrity changes in the marketplace.Company Guidance
During Centene Corporation's fourth quarter and full-year 2024 earnings call, the company provided optimistic guidance for 2025. Centene reported a strong full-year 2024 adjusted diluted EPS of $7.17 and a fourth quarter adjusted diluted EPS of $0.80. The company raised its 2025 revenue guidance by $4 billion due to better-than-expected results during the Medicare annual enrollment period and Medicaid program expansion. The full-year 2025 adjusted diluted EPS is projected to be greater than $7.25. Centene anticipates improved Medicaid membership stability, with a mid-4% composite rate adjustment effective January 1, 2025, and a full-year expected rate adjustment of 3% to 4%. It also highlighted growth in the Medicare segment, expecting enrollment in the low-to-mid 900,000s and projected 2025 revenue of approximately $16 billion for Medicare Part D. In the marketplace segment, Centene expects peak membership slightly above 5 million in the first quarter, maintaining a consistent demographic profile. Overall, the company is focused on leveraging its operational improvements and strategic initiatives to drive substantial earnings power and value creation in 2025 and beyond.Revenue Growth and EPS Achievement
Centene reported a fourth quarter adjusted diluted EPS of $0.80 and a full year 2024 adjusted diluted EPS of $7.17. The company also increased its full-year 2025 revenue guidance by $4 billion.
Medicaid Rate Adjustments
Centene achieved a mid-4% composite rate adjustment for 1/1/25 effective rates and expects a full year 2025 composite rate adjustment of 3% to 4%.
Medicare Stars Improvement
55% of Centene's Medicare members are now associated with 3.5 star plans or better, up from 23% last year.
Marketplace Execution
Ambetter delivered strong performance in 2024, with January effectuated enrollment slightly stronger than expected, positioning Centene for a peak marketplace membership above 5 million members.
Share Repurchase and Debt Management
In 2024, Centene repurchased 42 million shares for $3 billion, with a debt-to-adjusted EBITDA of 2.9 times at year-end.
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CNC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $64.82 | $61.29 | -5.45% |
| Oct 25, 2024 | $61.62 | $64.22 | +4.22% |
| Jul 26, 2024 | $67.40 | $73.10 | +8.46% |
| Apr 26, 2024 | $75.68 | $74.00 | -2.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Centene (CNC) report earnings?
Centene (CNC) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Centene (CNC) earnings time?
Centene (CNC) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNC EPS forecast?
CNC EPS forecast for the fiscal quarter 2025 (Q1) is 2.22.
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