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Sep 30, 2023
Centene Q3 2023 Earnings Report
Centene reported strong Q3 2023 results, with adjusted diluted EPS up over 53% from Q3 2022 and increased full year guidance.
Key Takeaways
Centene Corporation announced its financial results for the third quarter ended September 30, 2023. The company reported adjusted diluted EPS of $2.00, up over 53% from $1.30 in the third quarter of 2022. It increased its 2023 full year adjusted diluted EPS guidance by $0.15 to at least $6.60 and reiterated its 2024 adjusted diluted EPS floor of greater than $6.60.
Adjusted diluted EPS of $2.00, up over 53% from $1.30 in the third quarter of 2022.
Increased 2023 full year adjusted diluted EPS guidance by $0.15 to at least $6.60; reiterated 2024 adjusted diluted EPS floor of greater than $6.60.
Marketplace exceeded 3.6 million members as of September 30, 2023, compared to 2.1 million members as of September 30, 2022.
Continued execution on cash flow generation; $773 million of share repurchases in the third quarter of 2023 and year-to-date repurchases of $1.6 billion.
Revenue by Segment
Forward Guidance
The Company is increasing its 2023 adjusted diluted EPS guidance by $0.15 to at least $6.60 and is increasing its 2023 premium and services revenues guidance range by $500 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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