earnings
confidence high
sentiment positive
materiality 0.85
Centene Q3 adjusted EPS $2.00, raises FY23 guidance to at least $6.60
CENTENE CORP
2023-Q3 EPS reported
$4.85
revenue$114,539,000,000
- GAAP diluted EPS $0.87; adjusted diluted EPS $2.00, up 53% YoY from $1.30.
- Marketplace membership grew 76% YoY to 3.68M; premium & service rev $34.97B, +4%.
- Announces $1.2B divestiture of Circle Health, expected close Q1 2024; $393M UK write-downs.
- Record $773M Q3 share repurchases, $1.6B YTD; $1.2B remaining under buyback program.
- 2023 adjusted EPS guidance raised $0.15 to at least $6.60; reiterates 2024 floor >$6.60.