Tenet Healthcare: Q4 Earnings Preview
Tenet Healthcare (NYSE:THC) is scheduled to release its fourth-quarter earnings results tomorrow before the market opens. Here's what analysts are expecting:
Revenue: Analysts expect Tenet Healthcare's revenue to decline by 3.8% year-over-year to $5.17 billion, reversing the 7.8% increase reported in the same quarter last year.
Adjusted Earnings: Adjusted earnings per share are projected at $2.83.
Analysts' Outlook: Analysts covering Tenet Healthcare have generally maintained their estimates over the past 30 days, suggesting that they anticipate the company's performance to remain consistent heading into earnings.
Historical Performance: Tenet Healthcare has a history of exceeding Wall Street's expectations, beating revenue estimates in every quarter over the past two years by an average of 2.5%.
Peer Performance: Some of Tenet Healthcare's peers in the healthcare providers and services segment have already reported their Q4 results, providing insights into potential trends:
* HCA Healthcare reported a 5.7% year-over-year revenue increase, exceeding analysts' estimates by 0.7%.
* Centene reported a 3.4% revenue increase, surpassing estimates by 4.4%.
Investor Sentiment: Investors in the healthcare providers and services segment have remained relatively calm heading into earnings, with share prices showing minimal movement over the past month. Tenet Healthcare has gained 7.9% during the same period.
Analyst Price Target: Tenet Healthcare has an average analyst price target of $177.21, significantly higher than its current share price of $139.89.