Centene Corporation Reports Third Quarter 2020 Results
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Centene (CNC) Tops Q3 EPS by 31c, Revenues Beat; Raises FY20 EPS Guidance Above Consensus, Provides FY20 Revenue Outlook
October 27, 2020 6:09 AM EDTCentene (NYSE: CNC) reported Q3 EPS of $1.27, $0.31 better than the analyst estimate of $0.96. Revenue for the quarter came in at $29.1 billion versus the consensus estimate of $28.23 billion.
Third Quarter Highlights
September 30, 2020 managed care membership of 25.2 million, an increase of 9.9 million members, or 65%, over September 30, 2019.Total revenues of $29.1 billion for the third quarter of 2020, representing 53% growth compared to the third quarter of 2019.Health benefits ratio (HBR) of 86.4% for the third quarter of 2020, compared to 88.2% in the third quarter of 2019.Selling, general and administrative (SG&A) expense ratio of 9.1% for... More