Centene Corporation (NYSE:CNC) multi-national healthcare enterprise, is expected to report second quarter earnings results, before market open, on Tuesday 28th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 2.43 per share.
Looking ahead, the full year income are expected at $ 4.90 per share on the revenues of $ 108789.00 million.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 27.30 billion ~ $ 27.60 billion
Full Year 2020 topline are forecasted in a range of$ 106.50 billion ~ $ 111.90 billion, where as bottomline are predicted in a range of $ 4.76 ~ $ 4.96 per share
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Previous Quarter Performance
Centene Corporation revealed income for the first quarter of $ 0.86 per share, from the revenue of $ 26,025.00 million. The quarterly earnings declined 38.13 percent compared with the same quarter last year. Wall street analysts are predicting, CNC to report 1Q20 income of $ 1.02 per share from revenue of $ 24007.50 million. The bottom line results missed street analysts by $ 0.16 or 15.69 percent, at the same time, top line results outshined analysts by $ 2,017.50 million or 8.40 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CNC was $ 67.27, representing a 61.63 % increase from the 52 week low of $ 41.62 and a 9.95 % decrease over the 52 week high of $ 74.70.
The company has a market capital of $ 38.96 billion and is part of the Healthcare sector and Health Care Plans industry.
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Conference Call
Centene Corporation will be hosting a conference call at 8:30 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.centene.com
Centene Corporation operates as a diversified and multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. The companys Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State childrens health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which covers dually eligible individuals, as well as aged, blind, or disabled programs. Its health plans include primary and specialty physician care, inpatient and outpatient hospital care, emergency and urgent care, prenatal care, laboratory and X-ray, home-based primary care, transportation assistance, vision care, dental care, telehealth, immunization, specialty pharmacy, therapy, social work, nurse advisory, and care coordination services, as well as prescriptions, limited over-the-counter drugs, medical equipment, and behavioral health and abuse services.
