Centene gains after upbeat annual forecast, solid quarterly results

Centene

28/04/2026 11:25

** Shares of Centene CNC.N rise 2.7% to $44.70 premarket

** Co raises its 2026 adjusted profit forecast to be greater than $3.40 per share, up from its prior view of more than $3 per share

** Analysts expected 2026 profit of $3.02 per share - LSEG data

** Co also lifts its 2026 sales forecast to range of $187.5 billion to $191.5 billion from its earlier view of $186.5 billion to $190.5 billion

** In Q1, CNC earned profit of $3.37 per share, above analysts' average estimate of $2.13 per share - LSEG data

** Co posts Q1 sales of $49.94 bln, above analysts' est. of $47.53 bln

** As of last close, stock up 5.7% YTD

 (Reporting by Kamal Choudhury in Bengaluru)

 ((Kamal.Choudhury@thomsonreuters.com;))