For the quarter ended March 2024, Tenet Healthcare (THC) reported revenue of $5.37 billion, up 6.9% over the same period last year. EPS came in at $3.22, compared to $1.42 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $5.14 billion, representing a surprise of +4.42%. The company delivered an EPS surprise of +122.07%, with the consensus EPS estimate being $1.45.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

Tenet Healthcare (THC) came out with quarterly earnings of $3.22 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 122.07%. A quarter ago, it was expected that this hospital operator would post earnings of $1.58 per share when it actually produced earnings of $2.68, delivering a surprise of 69.62%.Over the last four quarters, t ...

Exhibit 99.1 Tenet Reports First Quarter 2024 Results Well in Excess of Guidance; Raises 2024 Financial Outlook DALLAS — April 30, 2024 — Tenet Healthcare Corporation (Tenet) (NYSE: THC) today announced its results for the quarter ended March 31, 2024. "We have had an outstanding start to the year highlighted by strong growth in revenues, admissions, and profitability," said Saum Sutaria, M.D., Chairman and Chief Executive Officer of Tenet. "Our operational excellence and focus on continuous improvement hel ...

The market expects Tenet Healthcare (THC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 30, 2024, might help the stock move higher if these key numbers a ...

THC rallied from early February into mid-March despite a 30% increase in short interest, hinting at its underlying technical strength. It would take shorts more than three days to cover their bets, at the equity's average pace of trading.Our recommended June call has a leverage ratio of 6.2, and will double on a 16.2% jump in the underlying shares.The shares of Tenet Healthcare Corp (NYSE:THC) recently pulled back to their 25-day moving average, which has been supportive all 2024. The stock is trading above ...

Tenet Healthcare (THC) closed the most recent trading day at $102.18, moving +1.46% from the previous trading session. This change outpaced the S&P 500's 1.11% gain on the day. Meanwhile, the Dow experienced a rise of 0.8%, and the technology-dominated Nasdaq saw an increase of 1.24%.Heading into today, shares of the hospital operator had gained 2.6% over the past month, outpacing the Medical sector's loss of 2.46% and the S&P 500's gain of 0.48% in that time.Investors will be eagerly watching for the perfo ...

Shares of Tenet Healthcare Corporation (THC) have surged 75.8% in the past year compared with the industry’s 25.4% increase. The Medical sector has gained 7.2% while the S&P 500 composite index has risen 28.4% in the said time frame. With a market capitalization of $10.3 billion, the average volume of shares traded in the last three months was 1.2 million.Growing admissions and hospital surgeries, acquisitions, divestitures of facilities not core to its long-term growth and an impressive financial position ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Tenet Healthcare (THC) .Tenet currently has an average brokerage recommend ...

Tenet Healthcare Corporation (THC) recently closed the divestitures of six hospitals and related operations based in California. Out of the total, four facilities and their related operations are located in Orange County and Los Angeles County, and have been divested to the academic health system of Orange County, UCI Health.An agreement for the sale of the facilities, named Fountain Valley Regional Hospital, Lakewood Regional Medical Center, Los Alamitos Medical and Placentia-Linda Hospital, was inked at t ...

In the latest trading session, Tenet Healthcare (THC) closed at $102.05, marking a -1.12% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.14% for the day. Meanwhile, the Dow experienced a drop of 0.77%, and the technology-dominated Nasdaq saw an increase of 0.17%.Heading into today, shares of the hospital operator had gained 11.72% over the past month, outpacing the Medical sector's gain of 0.88% and the S&P 500's gain of 5.34% in that time.Investors will be eag ...