Tenet Healthcare (THC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this hospital operator have returned -3% over the past month versus the Zacks S&P 500 composite's +2.1% change. The Zacks Medical - Hospital industry, to which Tenet belongs, has lost 3.5% over this period. Now the key question is: Where could the stock be headed in the near term? Whi ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 24. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $4.98 billion, down 2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 2.62% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassesse ...

The latest trading session saw Tenet Healthcare (THC) ending at $134.39, denoting a +0.49% adjustment from its last day's close. The stock lagged the S&P 500's daily gain of 0.55%. Elsewhere, the Dow gained 0.62%, while the tech-heavy Nasdaq added 0.63%. The upcoming earnings release of Tenet Healthcare will be of great interest to investors. The company's earnings report is expected on July 24, 2024. The company's earnings per share (EPS) are projected to be $1.84, reflecting a 27.78% increase from the sam ...

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Adding to the bullish theme, it's never been easier to find these winners, with the power of the Zacks Rank literally right at your fingertips. This system harnesses the power of the Zacks Rank, meaning that the top-ranked industries contain more stocks that are receiving upward earnings estimate revisions. Simply put, your most profitable stocks will be those with upward earnings estimate revisions in the industries enjoying the same. Image Source: Zacks Investment Research Once the top industry groups are ...

Company Overview - Tenet Healthcare's stock has increased by 2.38% over the past month, outperforming the Medical sector's gain of 0.61% but underperforming the S&P 500's gain of 2.73% [1] - The stock closed at $136.03, showing a +1.33% change from the previous day's closing price, while the S&P 500 declined by 0.31% on the same day [5] Financial Performance - For the full year, Zacks Consensus Estimates project earnings of $8.74 per share and revenue of $20.34 billion, reflecting changes of +25.21% and -1.04% respectively from the previous year [6] - The upcoming earnings release is scheduled for July 24, 2024, with an anticipated EPS of $1.83, indicating a 27.08% increase compared to the same quarter last year, while revenue is expected to be $4.98 billion, down 2.03% from the prior year quarter [9] Valuation Metrics - Tenet Healthcare is currently trading at a Forward P/E ratio of 15.35, which is lower than the industry average Forward P/E of 15.78, indicating a discount relative to its peers [3] - The company has a PEG ratio of 1.36, compared to the industry average PEG ratio of 1.47, suggesting a favorable valuation in terms of growth expectations [11] Analyst Sentiment - Recent revisions to analyst forecasts for Tenet Healthcare indicate a favorable outlook on the company's business health and profitability, with the consensus EPS projection having increased by 0.14% in the past 30 days [2][10] - Tenet Healthcare holds a Zacks Rank of 1 (Strong Buy), which has historically outperformed with an average annual return of +25% since 1988 [7] Industry Context - The Medical - Hospital industry, which includes Tenet Healthcare, has a Zacks Industry Rank of 30, placing it in the top 12% of over 250 industries [8]

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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Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are ofte ...