Centene Corp (CNC · NYSE)

Centene has swung from steep losses in late 2025 — quarterly net results of -$6.63B in Q3 2025 and -$1.10B in Q4 2025 — to consecutive profitable quarters, with Q2 2026 net income of $1.09B on $44.38B revenue and EPS of $2.51 versus $0.89 expected, capping four straight earnings beats. Trailing-twelve-month revenue sits at $180.30B (+4.6% YoY), though the company remains margin-thin with a -2.8% profit margin, -20.4% ROE, and $16.11B of total debt against $24.15B cash. The stock, last at $61.82, has slipped 5.4% over the past month and 9.6% over three months, trading 5.0% below its 50-day SMA but still 18.4% above its 200-day, with an analyst target of $71.78. Valuation metrics screen low — P/S of 0.169, EV/EBITDA of 3.91, and PEG of 0.748 — though forward EPS estimates are not available.