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Tuesday, October 25, 2022

Centene ups guidance after Q3 report

 -- Diluted EPS of $1.27; Adjusted Diluted EPS of $1.30 --

  • Total revenues up 11% from the third quarter of 2021 driven by organic Medicaid and Medicare growth.

  • Health benefits ratio (HBR) of 88.3%, driven by strong Medicare results and inline performance from Medicaid and Commercial.

  • Value Creation Plan gaining momentum:

  • 4th guidance raise in 2022 totaling a cumulative $0.30, or 5.5%, increase to the mid-point of the 2022 full-year adjusted diluted EPS guidance to a range of $5.65 to $5.75.

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