Centene Corp(CNC)Earnings Date, History & Expected Move

Next report date, beat rate and options-implied move

Next report

Oct 27, 2026

CNC is scheduled to report on Oct 27, 2026, before the market opens. Analysts expect EPS of $0.10.

Next report

Oct 27, 2026

In 3 days · before open

EPS beat rate

92%

11 of 12 quarters

Avg move after earnings

±5.5%

Up 50% of the time · last 12

Options-implied move

±8.3%

1.51x history · options look expensive

Options look expensive vs history (1.51x)

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EPS: Actual vs Estimate

Reported EPS against the consensus estimate, last 12 quarters.

Green beat or met, red missed, amber sources differ.

Stock Reaction After Earnings

Close-to-close move in the first session that reflected each report.

Dashed lines: average actual move (±5.5%) and what options price for the next report (±8.3%).

Did the stock rise after good news?

The next-day move after each of its last 11 EPS beats and 1 misses.

When it beat expectations

11 reports

▲ Rose 5×

▼ Fell 6×

When it missed expectations

1 report

▲ Rose 1×

In plain words: it beat expectations 11 times, but the stock still fell 6 of those 11 times.

Report by report

Jul '26
Beat
▼ -0.3%
Apr '26
Beat
▲ +14.0%
Feb '26
Beat
▼ -3.7%
Oct '25
Beat
▲ +12.5%
Jul '25
Missed
▲ +6.1%
Apr '25
Beat
▼ -6.3%
Feb '25
Beat
▼ -5.4%
Oct '24
Beat
▲ +4.2%
Jul '24
Beat
▲ +8.5%
Apr '24
Beat
▼ -2.2%
Feb '24
Beat
▲ +1.1%
Oct '23
Beat
▼ -1.7%

Clear beats and misses with a known reaction only. What counts as a beat

After an EPS beat

+1.9%

average next-day move · up 45% of 11 times

After an EPS miss

—

Not enough quarters yet

Why did CNC fall after beating earnings?

7 of CNC's last 12 reactions went against the EPS result. What stands out in each:

CNC beat EPS estimates in 11 quarters, and the stock still closed lower the next day 6 times. In 1 of the 6 where we have price data, the stock had already run up before the report.

Jul 28, 2026EPS beat +132.4%stock -0.3% next day
- It opened 7.1% lower as soon as trading resumed.
Feb 6, 2026EPS beat +2.5%stock -3.7% next day
- It opened 6.7% lower as soon as trading resumed.
Apr 25, 2025EPS beat +15.1%stock -6.3% next day
- It opened 5.2% lower as soon as trading resumed.
Feb 4, 2025EPS beat +63.3%stock -5.4% next day
- It had risen 7.1% in the 20 trading sessions before the report, so good news may already have been priced in.
- It opened 7.1% lower as soon as trading resumed.
Apr 26, 2024EPS beat +8.7%stock -2.2% next day
- It opened 2.3% lower as soon as trading resumed.
Oct 24, 2023EPS beat +29.9%stock -1.7% next day
- It opened 2.4% higher, but sellers took over and it closed -1.7%.

Rose despite an EPS miss (1 of 1)

Jul 25, 2025EPS missed -176.2%stock +6.1% next day
- It had already fallen 50.0% in the 20 trading sessions before the report, so weak results may have been expected.
- It opened 1.4% higher as soon as trading resumed.

Patterns in estimates and prices, not confirmed causes: how we read them.

Was CNC's earnings move already priced in?

CNC's move in the month before each of its last 12 reports, against what it did after.

Avg move in the month before

-4.3%

last 12 reports

Higher before the report

33%

of the time

After a drop of 3%+

Rose 67%

6 reports, avg +3.0%

How the run-up is measured (a move of 5% or more counts as large).

Before vs after each report

Grey: the month before each of the last 12 reports. Green or red: the day after.

Past reports only. How the run-up is measured

Does CNC hold its opening gap after earnings?

CNC's opening move after each report and where it closed that day.

In 11 reports CNC opened at least 1% away from the previous close. It gave back half or more of that gap by the close 3 of 11 times (27%), and fully reversed 1 time. Gaps up faded 2 of 6; gaps down recovered 1 of 5.

Jul 28, 2026Faded
Opened -7.1%, closed -0.3%
Apr 28, 2026Held
Opened +3.0%, closed +14.0%
Feb 6, 2026Held
Opened -6.7%, closed -3.7%
Oct 29, 2025Held
Opened +10.3%, closed +12.5%
Jul 25, 2025Held
Opened +1.4%, closed +6.1%
Apr 25, 2025Held
Opened -5.2%, closed -6.3%
Feb 4, 2025Held
Opened -7.1%, closed -5.4%
Oct 25, 2024Faded
Opened +13.6%, closed +4.2%

How gaps, fades and reversals are defined

What the history says

CNC has beaten EPS estimates in 4 straight quarters.
It fell after 6 of its 11 EPS beats (55%): beating estimates has not been enough on its own.
Options price a ±8.3% move, 1.51x its usual ±5.5%: the market expects more volatility than CNC has typically delivered.

CNC earnings history

Last 12 reported quarters with the stock's reaction.

Swipe sideways to see every column →

Report date	Time	EPS est.	EPS actual	Surprise	1-day move	3-day move
Jul 28, 2026	Before open	$1.08	$2.51	+132.4%	-0.27%	-5.06%
Apr 28, 2026	Before open	$2.13	$3.37	+58.2%	+13.95%	+23.43%
Feb 6, 2026	Before open	-$1.22	-$1.19	+2.5%	-3.66%	-0.78%
Oct 29, 2025	Before open	-$0.16	$0.50	+412.5%	+12.50%	+6.57%
Jul 25, 2025	Before open	$0.21	-$0.16	-176.2%	+6.09%	-4.60%
Apr 25, 2025	Before open	$2.52	$2.90	+15.1%	-6.32%	-3.77%
Feb 4, 2025	Before open	$0.49	$0.80	+63.3%	-5.45%	-9.55%
Oct 25, 2024	Before open	$1.41	$1.62	+14.9%	+4.22%	-1.62%
Jul 26, 2024	Before open	$2.09	$2.42	+15.8%	+8.46%	+14.39%
Apr 26, 2024	Before open	$2.08	$2.26	+8.7%	-2.22%	-3.46%
Feb 6, 2024	Before open	$0.44	$0.45	+2.3%	+1.15%	+3.28%
Oct 24, 2023	Before open	$1.54	$2.00	+29.9%	-1.65%	-3.88%

Consensus for the next report: EPS $0.10, revenue $47.59B.

CNC Earnings FAQ

Answers computed from Centene Corp's reported history

CNC is scheduled to report on Oct 27, 2026, before the market opens. Analysts expect EPS of $0.10.

Over the last 12 quarters with a usable EPS surprise, CNC beat the consensus estimate 11 times (92%), missed 1 and landed in line 0. It has beaten estimates in each of the last 4 counted quarters.

Across its last 12 quarters with a measured reaction, CNC moved an average of ±5.5% in the first session after reporting. It closed higher 50% of the time; the largest gain was 14.0% and the largest drop -6.3%.

Options currently price a move of about ±8.3% (nearest at-the-money straddle that expires after the report). It measures the size of the expected move, not its direction. That is 1.51x its average historical move of ±5.5%, so options look expensive relative to history.

CNC fell in the first session after 6 of its last 11 EPS beats (55%). A beat that was already priced in, or weaker guidance, can send a stock lower. In 1 of the 6 of those falls where price data is available, the stock had already risen before the report.

Across its last 12 quarters with price data, CNC moved an average of -4.3% in the 20 trading sessions before reporting and was higher in 33% of them. After a drop of 3% or more (6 quarters), it rose the next day 67% of the time, averaging +3.0%. This describes past reports; it is not a forecast.

In 11 reports CNC opened at least 1% away from the previous close. It gave back half or more of that gap by the close 3 of 11 times (27%), and fully reversed once. A fade means the opening move was partly undone during the first session.

How we calculate these numbers · CNC: 12 reported quarters, latest Jul 28, 2026. Information only, not investment advice.

Earnings this week

Every report this week with expected moves.

Biggest expected earnings moves

Options-implied vs historical move, ranked.