The earnings call reflects significant challenges in Centene's operations, primarily due to pressures in the Marketplace segment and elevated medical costs in Medicaid. While there are positive developments in the Medicare segment and improved Medicaid rate adjustments, the overall sentiment is negative due to the substantial financial losses and projected pressures.

Company Guidance -

Q3 2025

During Centene Corporation's second quarter earnings call for 2025, various metrics and guidance were provided regarding the company's performance and future outlook. Centene reported a second-quarter adjusted per share loss of $0.16, primarily due to challenges such as a $2.4 billion pressure from Marketplace risk adjustment, which had a significant impact on earnings projections. The company detailed efforts to reprice its 2026 Marketplace portfolio to address morbidity shifts and anticipated revenue challenges from enhanced APTC expirations. Centene expects full-year adjusted diluted EPS of approximately $1.75, revising its previous guidance of $7.25, largely due to increased Medicaid health benefits ratio pressure, which contributed to an approximate $2.1 billion headwind compared to prior forecasts. The company aims to improve margins across its business lines, targeting profitability in its Marketplace portfolio by 2026 and breakeven for its Medicare Advantage business by 2027. Additionally, Centene's revenue forecast for 2025 has been adjusted to approximately $172 billion, with significant portions attributed to Medicaid ($89 billion), Commercial ($41 billion), and Medicare ($37 billion) segments.

Marketplace Membership Growth

Centene reported second quarter Marketplace membership of 5.9 million members, driving more than $10 billion of commercial premium and service revenue.

Medicare Segment Favorability

The Medicare segment is expected to deliver approximately $700 million in pretax favorability, driven by better-than-expected results in PDP and Medicare Advantage.

Improved Medicaid Rate Adjustments

Centene expects a 2025 composite rate adjustment of 5%, stronger than the previous expectation of 4%+, with recent rate updates materializing better than anticipated.

Centene (CNC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CNC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	-0.10 / -	1.62	―	―	―
Jul 25, 2025	2025 (Q2)	0.11 / -0.16	2.42	-106.61% (-2.58)	―
Apr 25, 2025	2025 (Q1)	2.52 / 2.90	2.26	28.32% (+0.64)	―
Feb 04, 2025	2024 (Q4)	0.49 / 0.80	0.45	77.78% (+0.35)	―
Oct 25, 2024	2024 (Q3)	1.35 / 1.62	2	-19.00% (-0.38)	―
Jul 26, 2024	2024 (Q2)	2.12 / 2.42	2.1	15.24% (+0.32)	―
Apr 26, 2024	2024 (Q1)	2.06 / 2.26	2.11	7.11% (+0.15)	―
Feb 06, 2024	2023 (Q4)	0.42 / 0.45	0.86	-47.67% (-0.41)	―
Oct 24, 2023	2023 (Q3)	1.55 / 2.00	1.3	53.85% (+0.70)	―
Jul 28, 2023	2023 (Q2)	2.05 / 2.10	1.77	18.64% (+0.33)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CNC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 25, 2025	$26.76	$28.39	+6.09%
Apr 25, 2025	$61.58	$57.69	-6.32%
Feb 04, 2025	$64.82	$61.29	-5.45%
Oct 25, 2024	$61.62	$64.22	+4.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Centene (CNC) report earnings?

Centene (CNC) is schdueled to report earning on Oct 28, 2025, Before Open (Confirmed).

What is Centene (CNC) earnings time?

Centene (CNC) earnings time is at Oct 28, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CNC EPS forecast?

CNC EPS forecast for the fiscal quarter 2025 (Q3) is -0.1.

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