Centene Corp (CNC) is a provider of healthcare programs and services that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CNC’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Centene Corp could be a solid choice for investors.
Current Quarter Estimates for CNC
The trend has been pretty favorable, with estimates increasing from $1.48 a share 30 days ago, to $1.65 today, a move of 11.5%.
Current Year Estimates for CNC
The consensus estimate trend has also seen a boost for this time frame, increasing from $3.82 per share 30 days ago to $4.43 per share today, an increase of 16%.
Bottom Line
The stock has also started to move higher lately, adding 25.13% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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