Centene Historical Income Statement

CNC Stock  USD 78.35  0.79  1.02%   
Historical analysis of Centene Corp income statement accounts such as Selling General Administrative of 12.9 B, Total Revenue of 161.7 B or Gross Profit of 33.1 B can show how well Centene Corp performed in making a profits. Evaluating Centene Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Centene Corp's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Centene Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Centene Corp is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.

About Centene Income Statement Analysis

Centene Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Centene Corp shareholders. The income statement also shows Centene investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Centene Corp Income Statement Chart

Centene Corp Income Statement is one of the three primary financial statements used for reporting Centene's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Centene Corp revenue and expense. Centene Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Centene Corp's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 161.7 B, whereas Discontinued Operations is forecasted to decline to about 1.8 M.

Total Revenue

Total revenue comprises all receipts Centene Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Centene Corp minus its cost of goods sold. It is profit before Centene Corp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Centene Corp. It is also known as Centene Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from Centene Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Centene Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.At present, Centene Corp's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 161.7 B, whereas Discontinued Operations is forecasted to decline to about 1.8 M.
 2021 2022 2023 2024 (projected)
Gross Profit14.2B16.7B31.5B33.1B
Total Revenue126.0B144.5B154.0B161.7B

Centene Corp income statement Correlations

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Centene Corp Account Relationship Matchups

Centene Corp income statement Accounts

201920202021202220232024 (projected)
Interest Expense343M412M728M665M725M761.3M
Selling General Administrative6.5B11.3B10.2B20.9B12.3B12.9B
Total Revenue74.6B111.1B126.0B144.5B154.0B161.7B
Gross Profit8.8B15.2B14.2B16.7B31.5B33.1B
Other Operating Expenses72.6B108.0B122.7B140.9B151.1B158.6B
Operating Income1.8B3.1B3.3B3.6B2.9B3.1B
Ebit1.8B3.1B3.3B3.6B2.9B3.1B
Ebitda2.7B4.4B4.7B5.2B2.9B3.1B
Total Operating Expenses6.8B12.1B10.9B13.0B28.6B30.0B
Income Before Tax1.8B2.8B1.8B2.0B3.6B3.8B
Total Other Income Expense Net1M(309M)(1.5B)(1.7B)668M701.4M
Net Income1.3B1.8B1.3B1.2B2.7B2.8B
Income Tax Expense473M979M477M760M899M944.0M
Depreciation And Amortization914M1.3B1.5B1.6B1.3B1.4B
Cost Of Revenue65.8B95.9B111.8B127.9B122.5B128.6B
Net Income Applicable To Common Shares1.3B1.8B1.3B1.2B1.4B1.5B
Minority Interest(12M)(14M)11M3M3.5M3.6M
Net Income From Continuing Ops2.3B1.8B1.3B1.2B2.4B2.6B
Non Operating Income Net Other413M480M819M1.3B1.5B1.5B
Tax Provision473M979M477M760M1.2B684.6M
Interest Income343M412M728M665M764.8M457.6M
Net Interest Income(343M)(412M)(728M)(665M)(716M)(751.8M)
Reconciled Depreciation643M1.3B1.5B1.6B1.5B1.1B

Centene Corp Investors Sentiment

The influence of Centene Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Centene. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Centene Corp's public news can be used to forecast risks associated with an investment in Centene. The trend in average sentiment can be used to explain how an investor holding Centene can time the market purely based on public headlines and social activities around Centene Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Centene Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Centene Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Centene Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Centene Corp.

Centene Corp Implied Volatility

    
  61.55  
Centene Corp's implied volatility exposes the market's sentiment of Centene Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Centene Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Centene Corp stock will not fluctuate a lot when Centene Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Centene Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Centene Corp's short interest history, or implied volatility extrapolated from Centene Corp options trading.

Pair Trading with Centene Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centene Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centene Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Centene Stock

  0.43MASS 908 Devices Financial Report 14th of May 2024 PairCorr
The ability to find closely correlated positions to Centene Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centene Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centene Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centene Corp to buy it.
The correlation of Centene Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centene Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centene Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Centene Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Centene Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Centene Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Centene Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Centene Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.32)
Earnings Share
4.95
Revenue Per Share
260.006
Quarterly Revenue Growth
0.056
Return On Assets
0.037
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centene Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.