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Dec 31, 2023
Centene Q4 2023 Earnings Report
Centene's Q4 2023 financial results were reported, showing revenue and adjusted EPS slightly ahead of previous guidance.
Key Takeaways
Centene Corporation reported a total revenue of $39.46 billion and an adjusted diluted EPS of $0.45 for Q4 2023. The company's results were slightly ahead of previous guidance, driven by membership growth in the Marketplace business. The company is increasing its 2024 premium and service revenues guidance range by $2.5 billion to a range of $134.5 billion to $137.5 billion.
Q4 2023 adjusted EPS results are slightly ahead of previous guidance.
Completed the divestitures of Circle Health Group and Operose Health Group.
Increased 2024 premium and service revenues guidance by $2.5 billion.
Centene's New Hampshire subsidiary was selected to continue providing services for New Hampshire's Medicaid managed care program.
Revenue by Segment
Forward Guidance
The Company is increasing its 2024 premium and service revenues guidance range by $2.5 billion to a range of $134.5 billion to $137.5 billion to reflect additional Commercial premium revenue from a stronger than expected Marketplace open enrollment. The Company reiterates its 2024 adjusted diluted EPS guidance floor of greater than $6.70.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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