Have you been eager to see how Centene Corporation’s (NYSE:CNC) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this popular global professional services company’s earnings release this morning.
An Earnings Beat
Centene Corporation came out with adjusted earnings of 96 cents per share, beating the Zacks Consensus Estimate of 95 cents.
Earnings Surprise History
Centene Corporation has a decent earnings surprise history. The company delivered positive surprises in all the four trailing quarters, with an average beat of 4.56%.
Centene Corporation Price and EPS Surprise
Centene Corporation price-eps-surprise | Centene Corporation Quote
Revenue Beating the Expectations
Centene Corporation posted revenues of $19 billion, beating the Zacks Consensus Estimate by 3.3%. The same increased 17% year over year.
Key Q3 Statistics
As of Sep 30, 2019, the company's cash and cash equivalents totaled $6.2 billion, up 16.3% from the figure at 2018 end.
As of Sep 30, 2019, total assets were up by 10.8% from year end 2018 level.
Centene’s long-term debt summed $6.9 billion, up 4.9% from 2018 end level.
What Zacks Rank Says
Centene carries a Zacks Rank #4 (Sell).
However, since the latest earnings performance yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Centene earnings report!
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Centene Corporation (CNC): Free Stock Analysis Report
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