Centene Corporation (NYSE:CNC) is set to announce third quarter earning results on Tuesday 27th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CNC to report 3Q20 income of $ 0.96 per share.
For the full year, analysts anticipate top line of $ 110492.00 million, while looking forward to income of $ 4.87 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 109,000.00 million ~ $ 111,400.00 million, where as bottomline are predicted in a range of $ 4.76 ~ $ 4.96 per share
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Previous Quarter Performance
Centene Corporation announced income for the second quarter of $ 2.40 per share, from the revenue of $ 27,712.00 million. The quarterly earnings raised 79.10 percent while revenues grew 50.97 percent compared with the same quarter last year.
Wall street analysts are predicting, CNC to report 2Q20 income of $ 2.43 per share from revenue of $ 27581.00 million. The bottom line results missed street analysts by $ 0.03 or 1.23 percent, at the same time, top line results outshined analysts by $ 131.00 million or 0.47 percent.
Stock Performance
Shares of Centene Corporation traded up $ 0.48 or 0.72 percent on Friday, reaching $ 67.42 with volume of 2.29 million shares. Centene Corporation has traded high as $ 68.64 and has cracked $ 67.06 on the downward trend
According to the previous trading day, closing price of $ 67.42, representing a 52.27 % increase from the 52 week low of $ 43.96 and a 10.39 % decrease over the 52 week high of $ 74.70.
The company has a market capital of $ 39.07 billion and is part of the Healthcare sector and Health Care Plans industry.
Conference Call
Centene Corporation will be hosting a conference call at 8:30 AM eastern time on 27th October 2020, to discuss its 3Q20 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.
