Published on 23 Apr 2024 on Zacks via Yahoo Finance
How Should You Play Centene (CNC) Ahead of Q1 Earnings?
Centene Corporation CNC is set to report its first-quarter 2024 results on Apr 26, before the opening bell. Analysts are anticipating a robust performance in its commercial segment, although lower Medicaid membership may offset its results.
Let’s delve deeper.
The company’s memberships are on a decline, especially in Medicaid and Medicare, due to redeterminations. We expect total Medicaid membership to decline almost 13% year over year in the first quarter, along with an 11% fall in Medicare membership.