CVS Health Leads Health Insurer Q1 Earnings with Strongest Beat

Earnings
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Summary · why it matters

CVS Health posted the strongest first-quarter results among 12 tracked health insurance providers, with revenues of $100.4 billion beating analyst expectations by 6.3%. The group overall exceeded revenue consensus by 1.4%, while next-quarter guidance was in line. Centene also outperformed, reporting $49.94 billion in revenue and topping estimates by 6.2%, while Cencora lagged with $78.36 billion, missing forecasts by 3.9%. Progyny and Alignment Healthcare rounded out the cohort, with Progyny raising full-year guidance the most among peers and Alignment adding 48,500 customers to reach 284,800 total members.

Impact on stocks 5

Health Care± Mixed · 4 stocks
CVS Health Corp
CVS
▲ PositiveCapitalrelevance

Strongest Q1 beat among tracked insurers, revenue $100.4B beat by 6.3%.

Centene Corp
CNC
▲ PositiveCapitalrelevance

Revenue of $49.94B beat estimates by 6.2%.

Cencora Inc.
COR
▼ NegativeCapitalrelevance

Revenue of $78.36B missed forecasts by 3.9%.

Progyny Inc
PGNY
▲ PositiveCapitalrelevance

Raised full-year guidance the most among peers.

Aging Population · 1 stocks