Subtext

Centene Corporation CNC

SectorHealth Care
Transcripts37
Date range2016-04-26 – 2025-04-25
Calls charted37

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-19-9+0+9+192016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1 · Overall: +0.62016 Q2 · Overall: -4.42016 Q3 · Overall: +9.82016 Q4 · Overall: +8.42017 Q1 · Overall: +2.22017 Q2 · Overall: +6.42017 Q3 · Overall: +5.32017 Q4 · Overall: +7.72018 Q1 · Overall: +4.42018 Q2 · Overall: +4.72018 Q3 · Overall: +9.02018 Q4 · Overall: +9.42019 Q1 · Overall: +9.12019 Q2 · Overall: +7.22019 Q3 · Overall: +12.92019 Q4 · Overall: +4.72020 Q1 · Overall: -6.72020 Q2 · Overall: -6.12020 Q3 · Overall: +8.22020 Q4 · Overall: +5.32021 Q1 · Overall: +6.32021 Q2 · Overall: -3.22021 Q3 · Overall: +10.22021 Q4 · Overall: +11.52022 Q1 · Overall: +16.52022 Q2 · Overall: +6.02022 Q3 · Overall: +6.92022 Q4 · Overall: +10.32023 Q1 · Overall: +5.92023 Q2 · Overall: +3.82023 Q3 · Overall: +9.62023 Q4 · Overall: +7.32024 Q1 · Overall: +3.02024 Q2 · Overall: +7.42024 Q3 · Overall: +11.42024 Q4 · Overall: +15.12025 Q1 · Overall: +8.0
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-37-19+0+19+372016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q3 · CEO: +13.62016 Q4 · CEO: +12.52017 Q1 · CEO: +9.02017 Q2 · CEO: +13.02017 Q3 · CEO: +13.12017 Q4 · CEO: +13.92018 Q1 · CEO: +13.12018 Q2 · CEO: +11.42018 Q3 · CEO: +11.92018 Q4 · CEO: +18.62019 Q1 · CEO: +20.42019 Q2 · CEO: +13.52019 Q3 · CEO: +32.22019 Q4 · CEO: +15.02020 Q1 · CEO: -2.82020 Q2 · CEO: -2.62020 Q3 · CEO: +21.12020 Q4 · CEO: +13.12021 Q1 · CEO: +12.12021 Q2 · CEO: +2.22021 Q3 · CEO: +15.32021 Q4 · CEO: +27.32022 Q1 · CEO: +27.42022 Q2 · CEO: +10.62022 Q3 · CEO: +16.82022 Q4 · CEO: +25.72023 Q1 · CEO: +9.92023 Q2 · CEO: +15.32023 Q3 · CEO: +17.42023 Q4 · CEO: +19.12024 Q1 · CEO: +16.62024 Q2 · CEO: +13.12024 Q3 · CEO: +19.12024 Q4 · CEO: +23.32025 Q1 · CEO: +12.52016 Q3 · CFO: +9.92016 Q4 · CFO: +3.92017 Q1 · CFO: -4.02017 Q2 · CFO: +4.32017 Q3 · CFO: +4.72017 Q4 · CFO: +6.12018 Q1 · CFO: +3.22018 Q2 · CFO: +1.22018 Q3 · CFO: +7.42018 Q4 · CFO: +5.82019 Q1 · CFO: +2.52019 Q2 · CFO: +6.22019 Q3 · CFO: +9.72019 Q4 · CFO: -0.32020 Q1 · CFO: -8.92020 Q2 · CFO: -7.82020 Q3 · CFO: -4.52020 Q4 · CFO: +1.62021 Q1 · CFO: +5.02021 Q2 · CFO: -1.92021 Q3 · CFO: +11.82021 Q4 · CFO: +9.32022 Q1 · CFO: +9.62022 Q2 · CFO: +10.22022 Q3 · CFO: +6.52022 Q4 · CFO: +2.52023 Q1 · CFO: +7.92023 Q2 · CFO: +0.32023 Q3 · CFO: +7.62023 Q4 · CFO: +5.82024 Q1 · CFO: +7.62024 Q2 · CFO: +8.42024 Q3 · CFO: +12.72024 Q4 · CFO: +18.42025 Q1 · CFO: +13.2
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-31-16+0+16+312016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1 · Prepared remarks: +5.52016 Q2 · Prepared remarks: -1.82016 Q3 · Prepared remarks: +12.92016 Q4 · Prepared remarks: +10.72017 Q1 · Prepared remarks: +2.72017 Q2 · Prepared remarks: +6.62017 Q3 · Prepared remarks: +5.12017 Q4 · Prepared remarks: +12.12018 Q1 · Prepared remarks: +9.32018 Q2 · Prepared remarks: +4.12018 Q3 · Prepared remarks: +9.62018 Q4 · Prepared remarks: +14.72019 Q1 · Prepared remarks: +20.32019 Q2 · Prepared remarks: +10.22019 Q3 · Prepared remarks: +21.92019 Q4 · Prepared remarks: +9.42020 Q1 · Prepared remarks: -2.82020 Q2 · Prepared remarks: -0.32020 Q3 · Prepared remarks: +15.02020 Q4 · Prepared remarks: +11.52021 Q1 · Prepared remarks: +12.62021 Q2 · Prepared remarks: +1.32021 Q3 · Prepared remarks: +13.22021 Q4 · Prepared remarks: +21.22022 Q1 · Prepared remarks: +23.92022 Q2 · Prepared remarks: +14.42022 Q3 · Prepared remarks: +9.42022 Q4 · Prepared remarks: +14.02023 Q1 · Prepared remarks: +13.32023 Q2 · Prepared remarks: +10.22023 Q3 · Prepared remarks: +19.52023 Q4 · Prepared remarks: +15.42024 Q1 · Prepared remarks: +14.22024 Q2 · Prepared remarks: +25.02024 Q3 · Prepared remarks: +23.92024 Q4 · Prepared remarks: +27.22025 Q1 · Prepared remarks: +19.22016 Q1 · Q&A responses: -1.12016 Q2 · Q&A responses: +1.12016 Q3 · Q&A responses: +11.22016 Q4 · Q&A responses: +9.42017 Q1 · Q&A responses: +2.82017 Q2 · Q&A responses: +8.32017 Q3 · Q&A responses: +10.32017 Q4 · Q&A responses: +8.12018 Q1 · Q&A responses: +10.12018 Q2 · Q&A responses: +5.52018 Q3 · Q&A responses: +10.82018 Q4 · Q&A responses: +11.32019 Q1 · Q&A responses: +6.12019 Q2 · Q&A responses: +10.62019 Q3 · Q&A responses: +11.72019 Q4 · Q&A responses: +7.02020 Q1 · Q&A responses: -6.32020 Q2 · Q&A responses: -7.72020 Q3 · Q&A responses: -0.52020 Q4 · Q&A responses: +7.72021 Q1 · Q&A responses: +6.02021 Q2 · Q&A responses: -3.72021 Q3 · Q&A responses: +15.22021 Q4 · Q&A responses: +8.42022 Q1 · Q&A responses: +21.22022 Q2 · Q&A responses: +7.12022 Q3 · Q&A responses: +14.32022 Q4 · Q&A responses: +12.62023 Q1 · Q&A responses: +4.32023 Q2 · Q&A responses: +5.32023 Q3 · Q&A responses: +7.42023 Q4 · Q&A responses: +10.22024 Q1 · Q&A responses: +9.52024 Q2 · Q&A responses: +3.82024 Q3 · Q&A responses: +8.72024 Q4 · Q&A responses: +14.82025 Q1 · Q&A responses: +6.8
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.79$4.71$7.632016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1: $2.192016 Q2: $2.282016 Q3: $2.372016 Q4: $2.412017 Q1: $2.422017 Q2: $2.522017 Q3: $2.662017 Q4: $2.782018 Q1: $3.672018 Q2: $3.812018 Q3: $4.022018 Q4: $4.192019 Q1: $4.392019 Q2: $4.652019 Q3: $4.802019 Q4: $4.802020 Q1: $4.902020 Q2: $5.322020 Q3: $5.522020 Q4: $5.442021 Q1: $5.392021 Q2: $5.442021 Q3: $5.502021 Q4: $5.462022 Q1: $5.642022 Q2: $5.892022 Q3: $6.162022 Q4: $6.342023 Q1: $6.582023 Q2: $6.582023 Q3: $6.652023 Q4: $6.802024 Q1: $6.992024 Q2: $7.222024 Q3: $7.20

Forward P/E

8.4513.8119.172016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1: 13.252016 Q2: 14.702016 Q3: 13.962016 Q4: 11.652017 Q1: 14.152017 Q2: 15.552017 Q3: 18.432017 Q4: 18.202018 Q1: 14.092018 Q2: 16.362018 Q3: 17.802018 Q4: 14.192019 Q1: 13.652019 Q2: 11.932019 Q3: 9.582019 Q4: 12.572020 Q1: 10.762020 Q2: 11.942020 Q3: 10.852020 Q4: 11.222021 Q1: 11.492021 Q2: 13.352021 Q3: 11.212021 Q4: 15.262022 Q1: 15.402022 Q2: 13.142022 Q3: 13.632022 Q4: 13.092023 Q1: 9.662023 Q2: 9.822023 Q3: 10.282023 Q4: 11.272024 Q1: 10.982024 Q2: 9.192024 Q3: 10.61

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2016 Q2 tone ↓ -5.1 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -3.3 fwd EPS ↑ +0.90 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -11.4 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -10.5 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -4.5 fwd EPS ↑ +0.24 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↓ -2.3 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -4.3 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-25+8.0——View →
2024 Q42025-02-04+15.1——View →
2024 Q32024-10-25+11.4$7.2010.6View →
2024 Q22024-08-27+7.4$7.229.2View →
2024 Q12024-04-26+3.0$6.9911.0View →
2023 Q42024-02-06+7.3$6.8011.3View →
2023 Q32023-10-24+9.6$6.6510.3View →
2023 Q22023-07-28+3.8$6.589.8View →