Centene (NYSE:CNC) Full Year 2024 Results

Key Financial Results

• Revenue: US$147.3b (up 4.3% from FY 2023).
• Net income: US$3.31b (up 22% from FY 2023).
• Profit margin: 2.2% (up from 1.9% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$6.33 (up from US$4.97 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Centene Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Healthcare industry in the US.

The company's shares are down 5.3% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Centene's balance sheet health.

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