Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the marke ...

Heading into today, shares of the hospital operator had gained 7.43% over the past month, outpacing the Medical sector's gain of 1.49% and the S&P 500's gain of 3.71% in that time. It is also important to note the recent changes to analyst estimates for Tenet Healthcare. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. With respect to valuation, Tenet Healthc ...

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Below, we take a look at Tenet Healthcare (THC) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. In order to see if THC is a promising momentum pick, let's examine some Momentum Style elements to see if this hospital operator holds up. Investors should also take note of THC's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes ...

It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced. While any stock can see a spike in price for a short period, it takes a real momentum pl ...

Shares of Tenet Healthcare Corporation (THC) have surged 88.7% in the past year compared with the industry's 25% growth. The Medical sector has gained 4.6% and the S&P 500 composite index has risen 26% in the same time frame. With a market capitalization of $12.9 billion, the average volume of shares traded in the last three months was 1.3 million. Growing admissions and hospital surgeries, strategic portfolio transformation, acquisitions and an impressive financial position continue to drive Tenet Healthca ...

A month has gone by since the last earnings report for Tenet Healthcare (THC) . Shares have added about 13.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Tenet due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Tenet Healthcare Beats on Q1 Earnings, Ups '24 EPS ...

Core Viewpoint - Tenet Healthcare (THC) has experienced significant stock performance, with a 13.5% increase over the past month and a 74.1% rise since the beginning of the year, outperforming the broader medical sector and hospital industry [1][2]. Financial Performance - Tenet has consistently exceeded earnings expectations, reporting an EPS of $3.22 against a consensus estimate of $1.45 in its last earnings report [2]. - For the current fiscal year, Tenet is projected to achieve earnings of $8.42 per share on revenues of $20.31 billion, reflecting a 20.63% increase in EPS despite a slight revenue decline of -1.16% [3]. - The next fiscal year forecasts an EPS of $8.43 and revenues of $21.06 billion, indicating minimal growth of 0.14% in EPS and a 3.71% increase in revenues year-over-year [3]. Valuation Metrics - Tenet's stock trades at 15.6 times the current fiscal year EPS estimates, matching the peer industry average, while trailing cash flow is at 8.1 times compared to the peer group's average of 9.8 times [7]. - The stock has a PEG ratio of 1.41, which does not place it among the top value stocks [7]. Zacks Rank and Style Scores - Tenet holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, aligning with investment strategies that favor stocks with strong rankings and favorable style scores [8]. - The company has a Value Score of A, a Growth Score of C, and a Momentum Score of F, resulting in a combined VGM Score of B [6].