The company posted earnings of 57 cents a share for the first quarter, beating the Capital IQ Consensus of 45 cents a share by 12 cents. Revenue rose 31.9% to $3.35 billion, beating analysts' estimates of $3.25 billion.
Looking to the full-year 2014 Centene expects earnings of between $3.60 and $3.90 a share, while analysts expect earnings of $3.62 a share for the year. The company expects revenue of between $14.2 billion and $14.8 billion for 2014. Analysts expect revenue of $14.58 billion for the year.
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TheStreet Ratings team rates CENTENE CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CENTENE CORP (CNC) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins."