Centene Corp reports results for the quarter ended June 30 - Earnings Summary

• Centene Corp CNC reported a quarterly adjusted loss of 16 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.42. The mean expectation of nineteen analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from $-1.02 to $2.20 per share.

• Revenue rose 22.4% to $48.74 billion from a year ago; analysts expected $44.32 billion.

• Centene Corp's reported EPS for the quarter was a loss of 51 cents​.

• The company reported a quarterly loss of $253 million.

• Centene Corp shares had fallen by 50.7% this quarter and lost 55.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 60.5% in the last three months.​

• In the last 30 days, twelve analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 14 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the managed healthcare peer group is "buy."

• Wall Street's median 12-month price target for Centene Corp is $46.00, about 41.8% above its last closing price of $26.76

This summary was machine generated from LSEG data July 25 at 11:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)