Centene Corp Earnings Estimate

CNC -  USA Stock  

USD 85.31  0.90  1.07%

Many public companies, such as Centene Corp, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Centene Corp's earnings estimates, investors can diagnose different trends across Centene Corp's analyst sentiment over time as well as compare current estimates against different timeframes.
Centene Corp is projected to generate 5.12 in earnings per share on the 31st of December 2021. Centene Corp earnings estimates module stress-tests analyst consensus about projected Centene Corp EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Continue to Trending Equities.
  
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The current year Gross Profit is expected to grow to about 15.3 B. The current year Profit Margin is expected to grow to 0.0125
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Centene Corp Earnings Estimation Breakdown

Calculation of earning per share of Centene Corp is based on official Zacks consensus of 7 analysts regarding Centene Corp future annual earnings. Given the historical accuracy of 87.57%, the future earnings per share of Centene Corp is estimated to be 5.12 with the lowest and highest values of 5.1 and 5.24, respectively. Please note that this consensus of annual earnings estimates for Centene Corp is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS 1.25
5.10
Lowest
Expected EPS 5.12
5.24
Highest

Centene Corp Earnings Projection Consensus

Suppose the current estimates of Centene Corp's value are higher than the current market price of the Centene Corp stock. In this case, investors may conclude that Centene Corp is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Centene Corp's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

7

87.57%

1.25

5.12

Centene Corp Earnings History

Earnings estimate consensus by Centene Corp analysts from Wall Street is used by the market to judge Centene Corp's stock performance. The investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Centene Corp's upcoming profit reports and earnings-per-share forecasts but also compare them to our different valuation methods.

Centene Corp Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

1.7 Billion

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Centene Corp Accumulated Retained Earnings Deficit are projected to increase significantly based on the last few years of reporting. The past year's Accumulated Retained Earnings Deficit were at 8.14 Billion. The current year Price to Earnings Ratio is expected to grow to 36.61, whereas Earning Before Interest and Taxes EBIT is forecasted to decline to about 2.1 B. As of May 28, 2022, Weighted Average Shares is expected to decline to about 502.3 M. In addition to that, Weighted Average Shares Diluted is expected to decline to about 511.1 M.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Centene Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Centene Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
83.0485.1587.26
Details
Intrinsic
Valuation
LowReal ValueHigh
76.7888.4990.60
Details
14 Analysts
Consensus
LowTarget PriceHigh
75.0092.36109.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Centene Corp. Your research has to be compared to or analyzed against Centene Corp's peers to derive any actionable benefits. When done correctly, Centene Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Centene Corp.
Note that many institutional investors and large investment bankers can move markets due to the volume of Centene assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Centene Corp. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Centene stock price in the short term.

Centene Corp Earnings per Share Projection vs Actual

Actual Earning per Share of Centene Corp refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Centene Corp predict the company's earnings will be in the future. The higher the earnings per share of Centene Corp, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Centene Corp Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Centene Corp, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Centene Corp should always be considered in relation to other companies to make a more educated investment decision.

Centene Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Centene Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2022-04-26
2022-03-311.681.830.15
2022-02-08
2021-12-310.991.010.02
2021-10-26
2021-09-301.22821.260.0318
2021-07-27
2021-06-301.3671.25-0.117
2021-04-27
2021-03-311.53161.630.0984
2021-02-09
2020-12-310.46620.46-0.0062
2020-10-27
2020-09-300.96411.260.295930 
2020-07-28
2020-06-302.4292.4-0.029
2020-04-28
2020-03-310.9940.86-0.13413 
2020-02-04
2019-12-310.73170.73-0.0017
2019-10-22
2019-09-300.95110.960.0089
2019-07-23
2019-06-301.24031.340.0997
2019-04-23
2019-03-311.34971.390.0403
2019-02-05
2018-12-310.6640.690.026
2018-10-23
2018-09-300.88710.8950.0079
2018-07-24
2018-06-300.88340.90.0166
2018-04-24
2018-03-310.96681.0850.118212 
2018-02-06
2017-12-310.46480.4850.0202
2017-10-24
2017-09-300.62460.6750.0504
2017-07-25
2017-06-300.64130.7950.153723 
2017-04-25
2017-03-310.52270.560.0373
2017-02-07
2016-12-310.55390.5950.0411
2016-10-25
2016-09-300.5740.555-0.019
2016-07-26
2016-06-300.54290.6450.102118 
2016-04-26
2016-03-310.35130.370.0187
2016-02-09
2015-12-310.46580.4750.0092
2015-10-27
2015-09-300.780.840.06
2015-07-28
2015-06-300.70.730.03
2015-04-28
2015-03-310.480.520.04
2015-02-03
2014-12-310.850.870.02
2014-10-28
2014-09-300.480.670.1939 
2014-07-22
2014-06-300.180.20.0211 
2014-04-22
2014-03-310.110.140.0327 
2014-02-04
2013-12-310.210.210
2013-10-22
2013-09-300.210.220.01
2013-07-23
2013-06-300.160.180.0212 
2013-04-23
2013-03-310.090.110.0222 
2013-02-05
2012-12-310.080.04-0.0450 
2012-10-23
2012-09-300.120.120
2012-07-24
2012-06-30-0.03-0.04-0.0133 
2012-04-24
2012-03-310.120.11-0.01
2012-02-07
2011-12-310.140.140
2011-10-25
2011-09-300.130.140.01
2011-07-26
2011-06-300.140.160.0214 
2011-04-26
2011-03-310.10.120.0220 
2011-02-08
2010-12-310.120.130.01
2010-10-26
2010-09-300.120.120
2010-07-27
2010-06-300.10.110.0110 
2010-04-27
2010-03-310.090.10.0111 
2010-02-09
2009-12-310.130.130
2009-10-27
2009-09-300.130.130
2009-07-28
2009-06-300.110.120.01
2009-04-28
2009-03-310.10.110.0110 
2009-02-10
2008-12-310.130.130
2008-10-28
2008-09-300.110.120.01
2008-07-22
2008-06-300.10.10
2008-04-22
2008-03-310.130.140.01
2008-02-08
2007-12-310.120.05-0.0758 
2007-10-23
2007-09-300.090.090
2007-07-24
2007-06-300.070.070
2007-04-24
2007-03-310.060.070.0116 
2007-02-06
2006-12-310.10.10
2006-10-24
2006-09-300.070.080.0114 
2006-07-25
2006-06-300.030.030
2006-04-25
2006-03-310.050.050
2006-02-07
2005-12-310.080.080
2005-10-25
2005-09-300.080.080
2005-07-25
2005-06-300.080.090.0112 
2005-04-25
2005-03-310.080.080
2005-02-07
2004-12-310.070.070
2004-10-25
2004-09-300.060.070.0116 
2004-07-26
2004-06-300.060.060
2004-04-26
2004-03-310.060.060
2004-02-09
2003-12-310.050.060.0120 
2003-10-27
2003-09-300.050.060.0120 
2003-07-28
2003-06-300.050.050
2003-04-30
2003-03-310.050.050
2003-02-10
2002-12-310.050.050
2002-10-28
2002-09-300.040.040
2002-07-24
2002-06-300.030.040.0133 
2002-04-25
2002-03-310.030.030

About Centene Corp Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Centene Corp earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Centene Corp estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Centene Corp fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit8.1 B8.8 B
Earning Before Interest and Taxes EBIT2.5 B2.1 B
Earnings per Basic Share 2.31  2.22 
Earnings per Diluted Share 2.28  2.18 
Price to Earnings Ratio 35.67  36.61 
Earnings Before Interest Taxes and Depreciation Amortization EBITDAB4.3 B
Earnings before Tax1.8 B1.6 B
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Centene Corporation was founded in 1984 and is headquartered in St. Centene Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 72500 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Centene Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Centene Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centene Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centene Corp will appreciate offsetting losses from the drop in the long position's value.

Centene Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Centene Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centene Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centene Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centene Corp to buy it.
The correlation of Centene Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centene Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centene Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Centene Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Trending Equities. Note that the Centene Corp information on this page should be used as a complementary analysis to other Centene Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Centene Stock analysis

When running Centene Corp price analysis, check to measure Centene Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centene Corp is operating at the current time. Most of Centene Corp's value examination focuses on studying past and present price action to predict the probability of Centene Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Centene Corp's price. Additionally, you may evaluate how the addition of Centene Corp to your portfolios can decrease your overall portfolio volatility.
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Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Centene Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.