Centene (CNC) Q1 (USD): adj. EPS 3.37 (exp. 2.13), Revenue 49.9bln (exp. 47.53bln); raises FY26 EPS and Revenue guide
- Medicare segment HBR of 84.9%, from outperformance in both Medicare Advantage and PDP.
- Health benefits ratio (HBR) of 87.3% for the first quarter of 2026 represents a decrease from 87.5% in the comparable period in 2025.
Context
Centene's Q1 results significantly exceeded expectations with an adjusted EPS of 3.37 versus an expectation of 2.13 and revenue surpassing forecasts. The raised guidance for FY26 suggests strong momentum in their Medicare segment, which could indicate positive sentiment for the managed health care sector as well as potential upward revisions in peer stock prices.
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