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Benzinga
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Centene Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. CNC earnings expected at 23 cents, down from $2.42 last year. 2. Projected revenue for CNC is $44.2 billion, up from $39.84 billion. 3. CNC withdrew 2025 GAAP and adjusted diluted EPS guidance on July 1. 4. Shares fell 9% to close at $26.76 before earnings release. 5. Multiple analysts downgraded CNC with significantly lower price targets recently.

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FAQ

Why Very Bearish?

Earnings expectations show a drastic decline, indicating financial instability. Previous examples show significant price drops following poor earnings announcements in the healthcare sector.

How important is it?

The significant drop in EPS guidance and recent analyst downgrades strongly suggest a negative market reaction. These factors underscore the potential for price declines affecting CNC's relevance in the market.

Why Short Term?

Earnings results are imminent, likely affecting stock price quickly. Short-term market reactions often follow earnings disclosures closely.

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