Centene Net Income from 2010 to 2024

CNC Stock  USD 78.48  0.13  0.17%   
Centene Corp's Net Income is increasing over the years with slightly volatile fluctuation. Overall, Net Income is expected to go to about 2.8 B this year. During the period from 2010 to 2024 Centene Corp Net Income annual values regression line had coefficient of variation of  95.81 and r-squared of  0.85. View All Fundamentals
 
Net Income  
First Reported
2000-06-30
Previous Quarter
469 M
Current Value
45 M
Quarterly Volatility
271 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Centene Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Centene main balance sheet or income statement drivers, such as Interest Expense of 761.2 M, Selling General Administrative of 12.9 B or Total Revenue of 161.7 B, as well as many exotic indicators such as Short Term Coverage Ratios of 64.29, Price Earnings Ratio of 14.18 or Price To Sales Ratio of 0.42. Centene financial statements analysis is a perfect complement when working with Centene Corp Valuation or Volatility modules.
  
This module can also supplement Centene Corp's financial leverage analysis and stock options assessment as well as various Centene Corp Technical models . Check out the analysis of Centene Corp Correlation against competitors.
For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.

Latest Centene Corp's Net Income Growth Pattern

Below is the plot of the Net Income of Centene Corp over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Centene Corp financial statement analysis. It represents the amount of money remaining after all of Centene Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Centene Corp's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Centene Corp's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 2.7 B10 Years Trend
Slightly volatile
   Net Income   
       Timeline  

Centene Net Income Regression Statistics

Arithmetic Mean960,124,333
Coefficient Of Variation95.81
Mean Deviation727,513,867
Median828,000,000
Standard Deviation919,863,752
Sample Variance846149.3T
Range2.8B
R-Value0.92
Mean Square Error137215.3T
R-Squared0.85
Slope189,569,921
Total Sum of Squares11846090.5T

Centene Net Income History

20242.8 B
20232.7 B
20221.2 B
20211.3 B
20201.8 B
20191.3 B
2018900 M

Other Fundumenentals of Centene Corp

About Centene Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Centene Corp income statement, its balance sheet, and the statement of cash flows. Centene Corp investors use historical funamental indicators, such as Centene Corp's Net Income, to determine how well the company is positioned to perform in the future. Although Centene Corp investors may use each financial statement separately, they are all related. The changes in Centene Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Centene Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Centene Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Centene Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Net Income2.7 B2.8 B
Net Income Applicable To Common Shares1.4 B1.5 B
Net Income From Continuing Ops2.4 B2.6 B
Net Income Per E B T 0.75  0.81 

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 the analysis of Centene Corp Correlation against competitors.
For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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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.