Centene Sees FY24 Adjusted Diluted EPS Of Greater Than $6.70 Versus Consensus Of $6.74
Portfolio Pulse from Benzinga Newsdesk
Centene Corporation projects its FY24 adjusted diluted EPS to be greater than $6.70, slightly below the consensus estimate of $6.74.
December 12, 2023 | 11:04 am
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Centene's FY24 EPS guidance is marginally below analyst expectations, which may lead to cautious investor sentiment in the short term.
Centene's projection of its FY24 adjusted diluted EPS being greater than $6.70, while close, is still below the consensus estimate of $6.74. This slight miss may cause concern among investors who were expecting the company to meet or exceed consensus estimates. The news could lead to a short-term negative impact on the stock price as the market adjusts to the new guidance. However, the impact may be mitigated by the fact that the difference is minimal and the company's overall performance may still be viewed positively.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100