Tenet Healthcare Corp reports results for the quarter ended in September 30 - Earnings Summary

Tenet Healthcare

29/10/2024 14:04

* Tenet Healthcare Corp  THC.N  reported quarterly adjusted
earnings of $2.93​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $1.44.  The mean expectation of
eighteen analysts for the quarter was for earnings of $2.37 per
share. Wall Street expected results to range from $2.23 
to $2.64 per share.
    * Revenue rose 1.1% to $5.12 billion from a year ago;
analysts
expected $5.05 billion. 
    * Tenet Healthcare Corp's reported EPS for the quarter was
$4.89​.
    * The company reported quarterly net income of $472 million.
    * Tenet Healthcare Corp shares had fallen by 16.1% this
quarter and gained 84.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 20 "strong buy" or "buy," 1
"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 $174.00 
This summary was machine generated from LSEG data October 29 at
02:04 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
 Sep. 30 2024      2.37           2.93           Beat
 Jun. 30 2024      1.90           2.31           Beat
 Mar. 31 2024      1.43           3.22           Beat
 Dec. 31 2023      1.60           2.68           Beat