Tenet Healthcare jumps after lifting annual forecast

HCA Healthcare

24/07/2026 11:32

** Shares of hospital operator Tenet Healthcare THC.N rise 15.6% to $230 premarket
** THC, late on Thursday, raised 2026 revenue forecast to between $21.9 bln and $22.5 bln, from $21.5 bln and $22.3 bln
** Analysts' on avg were expecting 2026 rev to be $21.98 bln - LSEG
** Co also lifted 2026 adj. EPS to the range of $20.30 to $21.69 per, from $16.38 to $18.68 per share; analyst had expected profit of $17.83/share - LSEG
** Co posted Q2 sales of $5.63 bln and adj EPS of $6.12 both topping analysts' estimates
** Tenet delivered a "Strong Beat and Raise" quarter that Mizuho analysts called "better-than-feared" results, easing concerns after a peer's pre-announcement
** Earlier this month, Tenet's peer HCA Healthcare HCA.N cut its annual profit forecast due to an increase in uninsured patients
** Tenet said its board approved an additional $2 bln share buyback program, increasing the co's remaining repurchase authorization to about $2.13 bln
** As of last close, stock up 0.2% YTD

 (Reporting by Kamal Choudhury in Bengaluru)
 ((Kamal.Choudhury@thomsonreuters.com;))