|Bid||64.74 x 800|
|Ask||64.79 x 1100|
|Day's Range||61.02 - 64.96|
|52 Week Range||43.96 - 74.70|
|Beta (5Y Monthly)||0.59|
|PE Ratio (TTM)||20.45|
|Earnings Date||Oct 27, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||83.24|
Centene's (CNC) third-quarter results reflect higher revenues and managed care membership.
Centene (CNC) delivered earnings and revenue surprises of 31.25% and 2.50%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Centene (NYSE:CNC) moved higher by 1.6% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share rose 31.25% over the past year to $1.26, which beat the estimate of $0.96.Revenue of $29,090,000,000 higher by 53.30% from the same period last year, which beat the estimate of $28,230,000,000.Guidance Centene hasn't issued any earnings guidance for the time being.Centene hasn't issued any revenue guidance for the time being.Conference Call Details Date: Oct 27, 2020View more earnings on CNCTime: 08:30 AMET Webcast URL: https://edge.media-server.com/mmc/p/vda53hqzTechnicals 52-week high: $74.7052-week low: $43.96Price action over last quarter: Up 0.08%Company Overview Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. After acquiring WellCare in early 2020, Centene serves nearly 25 million members, mostly in Medicaid (13 million), Medicare (5 million total, including 4 million in Part D plans and 1 million in Medicare Advantage), the individual exchanges (2 million), and other plans (4 million), including Tricare (West region), correctional facility, and international plans.See more from Benzinga * Click here for options trades from Benzinga * Earnings Scheduled For October 27, 2020 * Understanding Centene's Unusual Options Activity(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.