Tenet Healthcare (THC) reported $5.38 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 7.8%. EPS of $2.68 for the same period compares to $1.96 a year ago.The reported revenue represents a surprise of +2.18% over the Zacks Consensus Estimate of $5.26 billion. With the consensus EPS estimate being $1.58, the EPS surprise was +69.62%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (Tenet) (NYSE: THC) today announced its results for the quarter and year ended December 31, 2023. " Our businesses performed exceptionally well in 2023, driven by strong same facility revenue growth and disciplined operating management," said Saum Sutaria, M.D., Chairman and Chief Executive Officer of Tenet. " We carry momentum into 2024 and are focused on continuing to expand access to care and investing in cutting edge technology for our patients and ...

Tenet Healthcare Corporation (THC) is set to beat on earnings for the fourth quarter of 2023, the results for which are scheduled to be released on Feb 8, before the opening bell.What Do the Estimates Say?The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.55 suggests a 20.9% decrease from the prior-year figure of $1.96. The consensus mark has remained stable over the past week. The consensus estimate for fourth-quarter revenues of $5.3 billion indicates a 5.2% increase from the year-ag ...

Tenet Healthcare (THC) shares soared 7.7% in the last trading session to close at $89.11. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.5% gain over the past four weeks.The stock price surge can be linked to a piece of upbeat company news, revealing that it expects to surpass the upper limit in its 2023 adjusted EBITDA guidance range. This positive outlook is attributed to robust surgical growth in USPI operations. Concurren ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Tenet Healthcare (THC) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Februar ...

Acquisition of Tenet's Pacific Coast Network would expand unrestricted to healthcare for Orange County and beyond ORANGE, Calif., Feb. 1, 2024 /PRNewswire/ -- The Regents of the University of California, on behalf of the University of California, Irvine, has entered into a definitive agreement with Tenet Healthcare Corporation (NYSE: THC) to acquire Tenet's Pacific Coast Network. The network will become part of UCI Health, the clinical enterprise of UC Irvine.   "UC Irvine has deepened its healthcare commit ...

Acquisition of hospitals in Charleston, Hardeeville and Hilton Head extends Novant Health's presence into South Carolina WINSTON-SALEM, N.C., Feb. 1, 2024 /PRNewswire/ -- Novant Health is building upon its commitment to patients in South Carolina through its completed acquisition today of three coastal hospitals and associated physician clinics and operations from Tenet Healthcare Corporation (NYSE: THC). The transaction includes East Cooper Medical Center in Mount Pleasant, Hilton Head Hospital in Hilton H ...

Tenet Healthcare (THC) closed the latest trading day at $83.57, indicating a +0.82% change from the previous session's end. This move outpaced the S&P 500's daily gain of 0.76%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.The hospital operator's stock has climbed by 9.69% in the past month, exceeding the Medical sector's gain of 1.57% and the S&P 500's gain of 2.5%.The investment community will be closely monitoring the performance of Tenet Healthcare in its ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Tenet Healthcare (THC) . This company, which is in the Zacks Medical - Hospital industry, shows potential for another earnings beat.This hospital operator has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 17.14%.For the ...

DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) will release its fourth quarter 2023 results on Thursday, February 8, 2024, no later than 6:00 a.m. Central Time (CT), to be followed by a conference call at 9:00 a.m. CT (10:00 a.m. Eastern Time). A live webcast and audio archive of the call may be accessed through the investor relations section of Tenet’s website at www.tenethealth.com/investors. About Tenet Healthcare Tenet Healthcare Corporation (NYSE: THC) is a diversified healthcare ...