Tenet Healthcare Corp reports results for the quarter ended in March - Earnings Summary

Tenet Healthcare

30/04/2024 15:27

* Tenet Healthcare Corp  THC.N  reported quarterly adjusted
earnings of $3.22​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.42.  The mean expectation of
seventeen analysts for the quarter was for earnings of $1.43 per
share. Wall Street expected results to range from $1.04 
to $1.70 per share.
    * Revenue rose 6.9% to $5.37 billion from a year ago;
analysts
expected $5.15 billion. 
    * Tenet Healthcare Corp's reported EPS for the quarter was
$21.38​.
    * The company reported quarterly net income of $2.15
billion.
    * Tenet Healthcare Corp shares had fallen by 5.7% this
quarter and
gained 31.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "buy"

Wall Street's median 12-month price target for Tenet Healthcare
Corp is $113.00 
This summary was machine generated from LSEG data April 30 at
02:27 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      1.43           3.22           Beat
 Dec. 31 2023      1.60           2.68           Beat
 Sep. 30 2023      1.20           1.44           Beat
 Jun. 30 2023      1.25           1.44           Beat