Savvy Trades and Investments

[researcher59]

CNC +4.01 to 37.20 after easily beating Q3 estimates .... looks like they've turned the corner -

briefing -

Centene beats by $0.64, beats on revs; guides FY25 EPS above consensus (33.19 ) :
Reports Q3 (Sep) earnings of $0.50 per share, excluding non-recurring items, $0.64 better than the FactSet Consensus of ($0.14); revenues rose 18.2% year/year to $49.69 bln vs the $47.72 bln FactSet Consensus.
Medicaid HBR of 93.4% in the third quarter, including an approximate 40 basis point benefit from a retroactive revenue adjustment attributed to the first and second quarters of 2025 from a large state
Co issues upside guidance for FY25, sees EPS of at least $2.00, excluding non-recurring items, up from prior guidance of $1.75, vs. $1.68 FactSet Consensus.