Seeking Alpha

Centene +6.6% after raising 2014 guidance

  • Centene (CNC +6.6%) is surging after guiding 2014 earnings beyond Wall Street expectations; the Medicaid coverage provider sees 2014 EPS of $3.50-$3.80 on a range of $13.5B-$14B in premium and service revenues vs. analyst consensus estimate of $3.61 EPS on $13.77B in revenue.
  • CNC also raises the lower end of its 2013 earnings guidance and now expects EPS of $2.81-$2.87 vs. $2.83 consensus.
  • CNC's 2014 outlook does not include its discontinued Kentucky business, fees insurers are expected to pay next year due to the health care overhaul, and the impact of the just-announced acquisition of a majority interest in U.S. Medical Management.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs