Skip to main content

Market Overview

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

Share:

Shares of Tenet Healthcare Corp (NYSE: 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.

 

Related Articles (THC)

View Comments and Join the Discussion!

Posted-In: Catholic Health Initiatives Estimize Health Net United Surgical Partners International ZacksAnalyst Color Previews Trading Ideas

Latest Ratings

StockFirmActionPT
IRIXRoth CapitalMaintains9.0
AMRSRoth CapitalMaintains33.0
VORBarclaysInitiates Coverage On56.0
PNMCitigroupDowngrades
UBSFYCitigroupUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com