Centene Corp. · CNC · Next earnings

Centene Corp. reports Friday, Feb 5, 2027

CNC reports before market open with consensus EPS at $-1.14 and revenue at $46.28B. Last quarter: Centene raises EPS outlook as Medicaid remains stable

Reports Before market open93 days awayDate estimated Healthcare

What the street expects

Consensus for the coming report
Consensus EPS $-1.14 Calendar consensus
Consensus revenue $46.28B Calendar consensus
Report date Feb 5, 2027 Friday, date estimated
Session Before market open 93 days away

Where CNC left off: FY2026 Q3

Full report

Centene raises EPS outlook as Medicaid remains stable

EPS surprise +506.1% Reported $0.58 vs $0.10
Revenue surprise +7.5% Reported $50.65B vs $47.12B
Stock move +1.0% Event window
Subsequent drift 0.0% Up to 20 sessions

Management raised full-year adjusted EPS guidance to more than $5.20, from more than $4.80 previously.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • OB3 work requirements could drive membership attrition.
  • State Medicaid rate negotiations may not fully offset acuity and policy changes.
  • IDR, No Surprises Act and broker-fraud costs could pressure results.
  • Commercial-group contraction and the Health Net exit add market headwinds.
  • Policy volatility could affect Medicaid waivers and funding.

Questions analysts left open

  • State Medicaid rate adequacy and timing for the January 1 cohort.
  • Potential Medicaid membership and acuity effects from OB3 work requirements.
  • Marketplace IDR reserves and their impact on fourth-quarter results.
  • Medicare Advantage margin progression and STAR rating pressure.

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Recent CNC quarters

All CNC earnings
+1.0%FY2026 Q3-0.3%FY2026 Q2+14.0%FY2026 Q1+12.5%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.