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.

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Centene Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 6.67% to $0.42 in the quarter versus EPS of $0.45 in the year-earlier quarter.

Revenue: Rose 48.48% to $2.54 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Centene Corp. reported adjusted EPS income of $0.42 per share. By that measure, the company beat the mean analyst estimate of $0.37. It beat the average revenue estimate of $2.46 billion.

Quoting Management: Michael F. Neidorff, Centene’s Chairman and Chief Executive Officer, stated, “This quarter is a positive step in our drive to deliver strong earnings while we continue to grow and diversify our sources of revenues. Further, we believe we are well positioned for profitable growth in 2014 and beyond.”

Key Stats (on next page)…

Revenue increased 7.54% from $2.36 billion in the previous quarter. EPS increased 147.06% from $0.17 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 $0.66 and has not changed. For the current year, the average estimate has moved down from a profit of $2.71 to a profit of $2.67 over the last ninety days.

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