Centene Corporation Reports 2020 Results
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Centene (CNC) Misses Q4 EPS by 1c, Revenues Miss; Offers FY21 Revenue Outlook Above Consensus, FY21 EPS Mid-Point Outlook Below Consensus
February 9, 2021 6:05 AM ESTCentene (NYSE: CNC) reported Q4 EPS of $0.46, $0.01 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $28.29 billion versus the consensus estimate of $28.36 billion.
Fourth Quarter:
December 31, 2020 managed care membership of 25.5 million, an increase of 10.3 million members, or 67%, over December 31, 2019.Total revenues of $28.3 billion for the fourth quarter of 2020, representing 50% growth compared to the fourth quarter of 2019, and $111.1 billion for the full year 2020, representing 49% growth year-over-year.Health benefits ratio (HBR) of 88.4% for the fourth quarter of 2020, compared to 88.4% in the fourth quarter of 2019, and 86.2% for the... More