Centene Historical Income Statement

CNC
 Stock
  

USD 84.53  1.58  1.90%   

Historical analysis of Centene Corp income statement accounts such as Consolidated Income of 1.1 B, Cost of Revenue of 120.6 B or Earning Before Interest and Taxes EBIT of 2.1 B can show how well Centene Corp performed in making a profits. Evaluating Centene Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Centene Corp's future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Centene Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Centene Corp is a good buy for the upcoming year.
Continue to Trending Equities.
  
Refresh
Share

About Centene Income Statement Analysis

Centene Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Centene Corp shareholders. The income statement also shows Centene investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Centene Corp Income Statement Chart

Centene Corp Income Statement is one of the three primary financial statements used for reporting Centene's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Centene Corp revenue and expense. Centene Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Centene Corp Direct Expenses is projected to increase significantly based on the last few years of reporting. The past year's Direct Expenses was at 103.5 Billion. The current year Cost of Revenue is expected to grow to about 120.6 B, whereas Consolidated Income is forecasted to decline to about 1.1 B.

Consolidated Income

The portion of profit or loss for the period; net of income taxes; which is attributable to the consolidated entity; before the deduction of Net Income to Non Controlling Interests.

Earning Before Interest and Taxes EBIT

Earnings Before Interest and Tax is calculated by adding Income Tax Expense and Interest Expense back to Net Income.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Centene Corp financial statement analysis. It represents the amount of money remaining after all of Centene Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income to Non Controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.

Revenues

Revenues refers to the total amount of money received by Centene Corp for goods sold or services provided during a certain time period. It also includes all of Centene Corp sales as well as any other increase in Centene Corp equity.Revenues are reported on Centene Corp income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.
Most accounts from Centene Corp income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Centene Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Trending Equities.Centene Corp Direct Expenses is projected to increase significantly based on the last few years of reporting. The past year's Direct Expenses was at 103.5 Billion. The current year Cost of Revenue is expected to grow to about 120.6 B, whereas Consolidated Income is forecasted to decline to about 1.1 B.
 2019 2020 2021 2022 (projected)
Interest Expense412 M728 M665 M717.5 M
Gross Profit8.84 B15.22 B14.2 B15.32 B

Centene Corp income statement Correlations

Centene Corp Account Relationship Matchups

Centene Corp income statement Accounts

201720182019202020212022 (projected)
Direct Expenses39.7 B48.44 B61.33 B89.57 B103.5 B111.67 B
Consolidated Income808 M894 M1.31 B1.79 B1.34 B1.1 B
Cost of Revenue42.58 B51.7 B65.8 B95.9 B111.78 B120.61 B
Earning Before Interest and Taxes EBIT1.41 B1.72 B2.21 B3.52 B2.49 B2.07 B
Earning Before Interest and Taxes USD1.41 B1.72 B2.21 B3.52 B2.49 B2.07 B
Gross Profit5.8 B8.42 B8.84 B15.22 B14.2 B15.32 B
Interest Expense255 M343 M412 M728 M665 M717.5 M
Net Income828 M900 M1.32 B1.81 B1.35 B1.11 B
Net Income Common Stock828 M900 M1.32 B1.81 B1.35 B1.11 B
Net Income Common Stock USD828 M900 M1.32 B1.81 B1.35 B1.11 B
Net Income to Non Controlling Interests(20 M)(6 M)(12 M)(14 M)(11 M)(11.87 M)
Operating Expenses4.6 B6.96 B7.06 B12.13 B12.41 B13.4 B
Operating Income1.2 B1.46 B1.78 B3.08 B1.78 B1.59 B
Revenues48.38 B60.12 B74.64 B111.11 B125.98 B135.93 B
Revenues USD48.38 B60.12 B74.64 B111.11 B125.98 B135.93 B
Selling General and Administrative Expense4.45 B6.04 B6.53 B9.87 B10.17 B10.97 B
Weighted Average Shares344.85 M390.25 M413.49 M570.72 M582.83 M502.31 M
Weighted Average Shares Diluted353.4 M398.51 M420.41 M579.13 M590.52 M511.14 M
Income Tax Expense326 M474 M473 M979 M477 M466.19 M

Centene Corp Investors Sentiment

The influence of Centene Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Centene. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Centene Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Centene Corp's short interest history, or implied volatility extrapolated from Centene Corp options trading.

Current Sentiment - CNC

Centene Corp Investor Sentiment

Greater number of Macroaxis users are currently bullish on Centene Corp. What is your opinion about investing in Centene Corp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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.
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
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.
Quarterly Earnings Growth YOY
0.21
Market Capitalization
48.5 B
Quarterly Revenue Growth YOY
0.22
Return On Assets
0.0312
Return On Equity
0.0553
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.