The earnings call highlighted significant challenges faced by Centene, particularly in the Marketplace and Medicaid segments, which have led to financial underperformance for the quarter and a reduced outlook for the year. However, there were positive developments in Medicare Advantage and PDP performance, as well as improved Medicaid rate adjustments.

Company Guidance

During Centene Corporation's second quarter 2025 earnings call, the company provided detailed guidance on their financial outlook, highlighting several key metrics. They reported a second quarter adjusted per share loss of $0.16, with future expectations for the full year 2025 adjusted diluted EPS to be approximately $1.75. The call detailed the impact of a $2.4 billion full-year headwind to 2025 pretax earnings due to Marketplace morbidity shifts, alongside an additional $200 million in pretax margin pressure from anticipated increased utilization. The Medicaid Health Benefits Ratio (HBR) was notably high at 94.9% for Q2, driven by cost trends in behavioral health, home health, and high-cost drugs, with expectations for the Medicaid HBR to be about 93.5% in the second half of the year. The company projected a 5% composite rate adjustment for Medicaid for 2025 and anticipated improving Medicare and Marketplace margins in 2026. Despite challenges, Centene remains focused on enhancing profitability across its portfolio, with a strategic emphasis on repricing and operational improvements to restore profitability by 2026.

Medicare Advantage Progress

Medicare Advantage business is achieving significant operational progress, running slightly favorable to expectations, on track for breakeven in 2027.

Improved 2025 Medicaid Rate Outlook

Secured better-than-expected 2025 composite rate adjustment of 5% for Medicaid, stronger than the previous expectation of 4%.

Cash Flow and Liquidity Management

Cash flow provided by operations was $1.8 billion for Q2; no further 2025 share buyback planned but open to opportunistic buybacks.

Medicare PDP Performance

Medicare PDP program is providing earnings upside relative to previous outlook, with membership at 7.8 million.

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)	-0.09 / -	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 -0.09.

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