Centene Q4 Adjusted EPS $0.45 Beats $0.43 Estimate, Sales $39.46B Beat $36.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
Centene (NYSE:CNC) reported Q4 adjusted EPS of $0.45, surpassing the $0.43 estimate, and sales of $39.46B, exceeding the $36.14B estimate. This represents a 47.67% decrease in EPS and a 10.96% increase in sales year-over-year.
February 06, 2024 | 11:02 am
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Centene's Q4 earnings and sales exceeded analyst expectations, with a notable year-over-year decrease in EPS but an increase in sales.
Beating both earnings and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. However, the significant decrease in EPS year-over-year might temper some of the positive impact, hence the importance is not at the maximum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100