Centene Earnings: Everything You Must Know Now

Centene Corp. (NYSE:CNC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Centene Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.70 in the quarter versus EPS of $-0.16 in the year-earlier quarter.

Revenue: Rose 29.14% to $2.73 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Centene Corp. reported adjusted EPS income of $0.70 per share. By that measure, the company beat the mean analyst estimate of $0.65. It beat the average revenue estimate of $2.65 billion.

Quoting Management: Michael F. Neidorff, Centene’s Chairman and Chief Executive Officer, stated, “The solid quarterly results reflect the positive momentum of our focus on operations and programs that we see continuing for the balance of this year and into 2014.”

Key Stats (on next page)…

Revenue increased 3.02% from $2.65 billion in the previous quarter. EPS increased 66.67% from $0.42 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.83 and has not changed. For the current year, the average estimate has moved up from a profit of $2.71 to a profit of $2.72 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)