Will Tenet Healthcare Report Healthy Results? The Street & Crowd Weigh In

Shares of Tenet Healthcare Corp THC are slightly up on Monday morning as the company prepares to report its first quarter financial results after the market closes.

A look at Estimize shows that both the crowd and experts expect results pretty much in line with the company’s guidance.

Management guided EPS of $0.30, while Wall Street modeled EPS of $0.31 (on revenue of $4.338 billion), and Main Street, EPS of $0.33 (on revenue of $4.292 billion). This implies a large increase form the net loss of ($0.12) per share registered in the first quarter of last year.
The graph below displays Tenet’s history of actual earnings versus estimates.

While the company usually beats estimates (as evidenced by the chart above), it missed consensus by a wide margin in the last quarter, when earnings came in at $1.03 per share, well below the expected $1.20 per share.

It is also possible to see how the sentiment has evolved over time.

As the year advanced, Wall Street became less constructive on Tenet’s earnings.