Centene Corp.

NYSE:CNC  
69.21
+0.82 (+1.20%)
4:23:20 PM EDT: $69.94 +0.73 (+1.06%)
Positive Earnings Pre-Announcement

Centene Corporation Reports First Quarter 2021 Results And Increases 2021 Guidance

Published: 04/27/2021 10:13 GMT
Centene Corp. (CNC) - Oration Reports First Quarter 2021 Results and Increases 2021 Guidance.
Q1 Adjusted Earnings per Share $1.63.
Q1 Revenue Rose 15 Percent to $30 Billion.
Raises Total Revenue and Adjusted Diluted EPS Guidance.
Health Benefits Ratio (hbr) of 86.8% for Q1 of 2021, Compared to 88.0% in Q1 of 2020.
Qtrly GAAP Diluted Earnings per Share$1.19.
Operating Cash Flow of $43 Million for Q1 2021, Reflecting a $910 Million Delay in Premium Payments From One of Our States.
March 31, 2021 Managed Care Membership of 25.1 Million, an Increase of 1.3 Million Members, Or 5%.
Sees 2021 Total Revenues of $120.1 Billion to $122.1 Billion.
Sees 2021 GAAP Diluted EPS $3.68-$3.90.
Sees 2021 Adjusted Diluted EPS $5.05-$5.35.
Q1 Earnings per Share View $1.59, Revenue View $29.50 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2021 Earnings per Share View $5.21, Revenue View $118.01 Billion -- Refinitiv Ibes Data (analyst estimates).
Guidance Has Been Updated to Reflect Ongoing Suspension of Medicaid Eligibility Redeterminations to August 1, Other Items.
Revenue is expected to be $30.2 Billion
Adjusted EPS is expected to be $1.57

Next Quarter Revenue Guidance is expected to be $30.51 Billion
Next Quarter EPS Guidance is expected to be $1.25

More details on our Analysts Page.