Compelling Reasons for Investors to Hold on to Centene Stock

Zacks01-07 02:28

Centene Corporation CNC currently gains from improved premium and service revenues, numerous contract wins, an expanding Marketplace business and a sound financial position. CNC’s Zacks Rank & Price ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2501264607?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-07 02:28","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2501264607","market":"us","top_or_hot":-1,"title":"Compelling Reasons for Investors to Hold on to Centene Stock","media":"Zacks","content":"<div>\n<p>Centene Corporation CNC currently gains from improved premium and service revenues, numerous contract wins, an expanding Marketplace business and a sound financial position.\nCNC’s Zacks Rank & Price ...</p>\n\n<a href=\"https://finance.yahoo.com/news/compelling-reasons-investors-hold-centene-182800872.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Compelling Reasons for Investors to Hold on to Centene Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCompelling Reasons for Investors to Hold on to Centene Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-07 02:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/compelling-reasons-investors-hold-centene-182800872.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Centene Corporation CNC currently gains from improved premium and service revenues, numerous contract wins, an expanding Marketplace business and a sound financial position.\nCNC’s Zacks Rank & Price ...</p>\n\n<a href=\"https://finance.yahoo.com/news/compelling-reasons-investors-hold-centene-182800872.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0648001328.SGD","symbol_name":"Natixis Harris Associates US Equity RA SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/compelling-reasons-investors-hold-centene-182800872.html","article_id":"2501264607","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501264607","pubTimestamp":1736188080,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Centene Corporation CNC currently gains from improved premium and service revenues, numerous contract wins, an expanding Marketplace business and a sound financial position.Centene's revenue growth is fueled by a robust and expanding customer base within its Medicaid and Medicare businesses, which drive premium increases. This is significant since premiums are the primary revenue driver for health insurers. The strength of these businesses has led to numerous contract awards and renewals, further supporting membership growth. As of Sept. 30, 2024, total membership was 28.6 million, which improved 2.4% year over year.The company actively leverages mergers and acquisitions to enhance its capabilities and broaden its presence across the United States. Concurrently, it divests underperforming businesses to concentrate on its core Managed Care operations. These divestitures often support initiatives such as share buybacks and debt reduction. A reduced debt burden leads to lower interest exp","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","ENSG":"恩赛因","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","BK4585":"ETF&股票定投概念","CNC":"康西哥","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","BK4211":"区域性银行","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4196":"保健护理服务","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","BK4167":"医疗保健技术","BK4559":"巴菲特持仓","BK4588":"碎股","BK4154":"管理型保健护理","DVA":"达维塔保健","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","BK4551":"寇图资本持仓","ISBC":"投资者银行","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","DOCS":"Doximity, Inc.","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4185":"保健护理机构","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","BK4539":"次新股"},"translate_title":"投资者持有Centene股票的令人信服的理由","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ISBC":1,"ENSG":1,"DVA":1,"DOCS":1,"CNC":1},"content_text":"Centene Corporation CNC currently gains from improved premium and service revenues, numerous contract wins, an expanding Marketplace business and a sound financial position.\nCNC’s Zacks Rank & Price Performance\nCentene currently carries a Zacks Rank #3 (Hold).\nThe stock has gained 5.1% in the past month against the industry’s 8.3% decline. The Zacks Medical sector declined 6.1% while the S&P 500 composite decreased 1.4% in the same time frame.\nImage Source: Zacks Investment Research\nCentene’s Robust Growth Prospects\nThe Zacks Consensus Estimate for Centene’s 2025 earnings per share (EPS) is pegged at $7.02, indicating an improvement of 3.1% from the 2024 estimate. The consensus mark for 2025 revenues is $169 billion, implying 4.7% growth from the 2024 estimate.\nCNC’s Decent Earnings Surprise History\nCNC’s bottom line outpaced estimates in three of the trailing four quarters and missed the mark once, the average surprise being 7.13%.\nCentene’s Key Business Tailwinds\nCentene's revenue growth is fueled by a robust and expanding customer base within its Medicaid and Medicare businesses, which drive premium increases. This is significant since premiums are the primary revenue driver for health insurers. The strength of these businesses has led to numerous contract awards and renewals, further supporting membership growth. As of Sept. 30, 2024, total membership was 28.6 million, which improved 2.4% year over year. \nCentene’s expertise in specialized services has enabled it to build and enhance relationships with both members and providers. This capability allows it to deliver improved care to individuals enrolled in government-sponsored programs. Additionally, an aging U.S. population continues to favor Medicare plans, ensuring sustained demand for Centene's offerings.\nIn the first nine months of 2024, Centene reported a 4.2% year-over-year increase in premium and service revenues. Management projects it to range between $154 billion and $156 billion for 2025. Notably, Centene secured Medicaid contracts from state authorities in Ohio, Michigan and New Hampshire in 2024. Its Commercial Marketplace business maintains a strong national footprint, serving 4.5 million members as of Sept. 30, 2024, which advanced 22.3% year over year. \nThe company actively leverages mergers and acquisitions to enhance its capabilities and broaden its presence across the United States. Concurrently, it divests underperforming businesses to concentrate on its core Managed Care operations. These divestitures often support initiatives such as share buybacks and debt reduction. A reduced debt burden leads to lower interest expenses, which declined 2.2% year over year in the first nine months of 2024. \nCentene's financial health is underscored by its sound cash reserves and adequate cash-generating abilities. As of Sept. 30, 2024, cash and cash equivalents were $14.6 billion.\nStocks to Consider\nSome better-ranked stocks in the Medical space are Doximity, Inc. DOCS, The Ensign Group, Inc. ENSG and DaVita Inc. DVA. While Doximity currently sports a Zacks Rank #1 (Strong Buy), Ensign Group and DaVita carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.\nDoximity’s earnings surpassed estimates in each of the last four quarters, the average surprise being 22.12%. The Zacks Consensus Estimate for DOCS’ 2025 earnings indicates a rise of 10% from the 2024 estimate. The consensus mark for revenues implies an improvement of 10.1% from the 2024 estimate. The consensus mark for DOCS’ 2025 earnings has moved 10.6% north in the past 60 days.\nThe bottom line of Ensign Group beat estimates in each of the trailing four quarters, the average surprise being 1.34%. The Zacks Consensus Estimate for ENSG’s 2025 earnings indicates a rise of 10.7% from the 2024 estimate. The consensus mark for revenues implies an improvement of 11% from the 2024 estimate. The consensus mark for ENSG’s 2025 earnings has moved 0.2% north in the past 30 days.\nDaVita’s earnings outpaced estimates in three of the trailing four quarters and missed the mark once, the average surprise being 10.59%. The Zacks Consensus Estimate for DVA’s 2025 earnings indicates a rise of 15.7% from the 2024 estimate. The consensus mark for revenues implies an improvement of 3.7% from the 2024 estimate. The consensus mark for DVA’s 2025 earnings has moved 0.6% north in the past 60 days.\nDoximity stock has inched up 0.5% in the past month. However, shares of Ensign Group and DaVita have declined 9.9% and 5.4%, respectively, in the same time frame.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nDaVita Inc. (DVA) : Free Stock Analysis Report\nCentene Corporation (CNC) : Free Stock Analysis Report\nThe Ensign Group, Inc. (ENSG) : Free Stock Analysis Report\nDoximity, Inc. (DOCS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2501264607"}