Centene Corporation Reports First Quarter 2021 Results And Increases 2021 Guidance
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Centene (CNC) Tops Q1 EPS by 4c, Revenues Beat; Raises FY21 Revenues Guidance Above Consensus, Provides FY21 EPS Outlook
April 27, 2021 6:03 AM EDTCentene (NYSE: CNC) reported Q1 EPS of $1.63, $0.04 better than the analyst estimate of $1.59. Revenue for the quarter came in at $29.98 billion versus the consensus estimate of $29.5 billion.
First Quarter Highlights
March 31, 2021 managed care membership of 25.1 million, an increase of 1.3 million members, or 5%, compared to March 31, 2020.Total revenues of $30.0 billion for the first quarter of 2021, representing 15% growth compared to the first quarter of 2020.Health benefits ratio (HBR) of 86.8% for the first quarter of 2021, compared to 88.0% in the first quarter of 2020.Selling, general and administrative (SG&A) expense ratio of 8.4%... More