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Have you been eager to see how Centene Corporation (CNC - Free Report) ) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this popular global professional services company’s earnings release this morning.
An Earnings Beat
Centene came out with operating earnings of 97 cents per share, which beat the Zacks Consensus Estimate of 94 cents. Rise in revenues primarily supported the results.
Centene has a decent earnings surprise history. The company delivered positive surprises in each of the last four quarters, with an average beat of 9.8%.
Revenue Came In a Bit Higher than Expected
Centene posted revenues of $12.8 billion, which was higher than the Zacks Consensus Estimate of $12.3 billion.
Key Q4 Statistics
Managed care membership was 12.2 million on Dec 31, 2017, up 7% over 2016.
Health benefits ratio (HBR) was 87.3% in the fourth quarter of 2017, compared to 84.8% in the prior year quarter.
Total Operating Expenses of $12.6 billion increased 11% over the prior year quarter.
Operating cash flow was $450 million at the end of the fourth quarter of 2017 and $1,489 millionfor 2017.
2018 Guidance Raised
For 2018, Centene expects adjusted earnings per diluted share to be in the range of $6.95- $7.35, as against the previously guided range of $5.47 to $5.87.
Total revenues are expected to be in the range of $60.6 billion to $61.4 billion, up from the previous guidance of $60.0 billion to $60.8 billion.
What Zacks Rank Says
Centenesports a Zacks Rank #1 (Strong Buy). However, since the latest earnings performance yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Centene earnings report!
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It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Centene (CNC) Tops Q4 Earnings and Revenues
Have you been eager to see how Centene Corporation (CNC - Free Report) ) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this popular global professional services company’s earnings release this morning.
An Earnings Beat
Centene came out with operating earnings of 97 cents per share, which beat the Zacks Consensus Estimate of 94 cents. Rise in revenues primarily supported the results.
Centene Corporation Price and EPS Surprise
Centene Corporation Price and EPS Surprise | Centene Corporation Quote
Earnings Surprise History
Centene has a decent earnings surprise history. The company delivered positive surprises in each of the last four quarters, with an average beat of 9.8%.
Revenue Came In a Bit Higher than Expected
Centene posted revenues of $12.8 billion, which was higher than the Zacks Consensus Estimate of $12.3 billion.
Key Q4 Statistics
Managed care membership was 12.2 million on Dec 31, 2017, up 7% over 2016.
Health benefits ratio (HBR) was 87.3% in the fourth quarter of 2017, compared to 84.8% in the prior year quarter.
Total Operating Expenses of $12.6 billion increased 11% over the prior year quarter.
Operating cash flow was $450 million at the end of the fourth quarter of 2017 and $1,489 millionfor 2017.
2018 Guidance Raised
For 2018, Centene expects adjusted earnings per diluted share to be in the range of $6.95- $7.35, as against the previously guided range of $5.47 to $5.87.
Total revenues are expected to be in the range of $60.6 billion to $61.4 billion, up from the previous guidance of $60.0 billion to $60.8 billion.
What Zacks Rank Says
Centenesports a Zacks Rank #1 (Strong Buy). However, since the latest earnings performance yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Check back later for our full write up on this Centene earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>