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Centene issues 2017 earnings guidance

Centene Corp. has issued guidance for 2017, including a higher outlook for earnings per diluted share compared with its full-year 2016 guidance.

Centene expects earnings per diluted share to be between $3.78 and $4.22 for 2017, while adjusted earnings per diluted share are projected to range from $4.40 to $4.85. Total revenue is expected to be between $46.0 billion and $46.8 billion.

The S&P Capital IQ consensus normalized EPS estimate for 2017 is $4.76.

The company also confirmed its earlier guidance for the full year 2016, which includes revenue in the range of $39.4 billion to $40.0 billion, earnings per diluted share of $2.73 to $2.83, and adjusted diluted earnings per share of $4.28 to $4.38.

The S&P Capital IQ consensus normalized EPS estimate for 2016 is $4.33.