For its first fiscal quarter (ending March 31), Centene Corp (NYSE: CNC) has reported a 6% increase in E.P.S. from $2.05 a year ago to $2.17 in the current quarter. However, this performance was $-0.24 short of the consensus estimate of $2.41. E.P.S. were $5.05 for the latest four quarters through March 31 versus $2.67 for the same period a year ago — an increase of 89%.
Recent Price Action
On 4/26/24, Centene Corp (NYSE: CNC) stock declined by -2.2%, closing at $74.00. Moreover, exceptionally high trading volume at 200% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CNC is expected to continue to be an important Value Builder.
Centene has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Centene has a slightly positive Appreciation Score of 61 and a good Power Rating of 78, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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