Centene Q1 2024 Adj EPS $2.26 Beats $2.08 Estimate, Sales $40.407B Beat $36.536B Estimate
Portfolio Pulse from Benzinga Newsdesk
Centene (NYSE:CNC) reported Q1 2024 adjusted EPS of $2.26, surpassing the $2.08 estimate, and sales of $40.407B, exceeding the $36.536B estimate. This represents a 7.11% increase in EPS and a 3.90% increase in sales from the same period last year.
April 26, 2024 | 10:02 am
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POSITIVE IMPACT
Centene's Q1 2024 earnings and sales exceeded analyst expectations, with a notable year-over-year growth in both EPS and sales.
Centene's earnings beat and sales outperformance are significant indicators of the company's strong financial health and operational efficiency. The substantial beat on both top and bottom lines compared to analyst estimates, coupled with year-over-year growth, suggests a positive outlook for the company's stock in the short term. Investors typically react positively to earnings beats, which can drive up the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100