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Monday, September 14, 2020

Centene sector in the green after guidance reaffirmed

Centene (CNC +3.9%) is leading almost all insurers & managed care firms 2 1/2 hours into the session after it reiterated its 2020 non-GAAP EPS guidance of $4.76 – 4.96 that it released in July that included a modest cut in projected revenue.  Consensus outlook is non-GAAP EPS of $4.88 on revenue of $110.57B.

Selected tickers: CVS Health (CVS +1.1%), eHealth (EHTH +3.9%), UnitedHealth Group (UNH +2.8%), Triple-S Management (GTS +2.2%), Molina Healthcare (MOH +5.0%), Humana (HUM +3.4%), Cigna (CI +1.8%), Anthem (ANTM +3.6%)

https://seekingalpha.com/news/3613746-centene-brethren-in-green-after-guidance-reaffirmed

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