Tenet Healthcare (THC) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this hospital operator have returned +25.4%, compared to the Zacks S&P 500 composite's +0.2% change. During this period, the Zacks Medical - Hospital industry, which Tenet falls in, has gained 0.5%. The key question now is: What could be the stock's future direction?While media release ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to fin ...

Tenet Healthcare Corporation (THC) reported first-quarter 2024 adjusted earnings per share (EPS) of $3.22, which surpassed the Zacks Consensus Estimate by a whopping 122.1% and crossed management’s expectation of $1.24-$1.62. The bottom line more than doubled year over year.Net operating revenues advanced 6.9% year over year to $5.4 billion and exceeded management’s guidance of $5-$5.2 billion. The top line beat the consensus mark by 4.4%.The solid quarterly results were driven by growing patient volumes wi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ý Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2024 OR ¨ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number: 1-7293 TENET HEALTHCARE CORPORATION (Exact name of Registrant as specified in its charter) Nevada (State of Incorporation) 95-2557091 (IRS Emplo ...

April 30, 2024 Examples of uncertainties that may cause our actual results, performance or achievements to be materially different from those expressed or implied by forward looking statements include, but are not limited to, the factors described under "Forward Looking Statements" and "Risk Factors" in our Forms 10-Q, 10-K, and other filings with the Securities and Exchange Commission. We assume no obligation to update any forward-looking statements or information subsequent to the dates such statements ar ...

Tenet Healthcare Corporation (NYSE:THC) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Will McDowell - VP, IR Saum Sutaria - Chairman and CEO Sun Park - EVP and CFO Conference Call Participants Kevin Fischbeck - Bank of America Justin Lake - Wolfe Research Stephen Baxter - Wells Fargo Pito Chickering - Deutsche Bank Jason Cassorla - Citi Ben Hendrix - RBC Capital Markets Josh Raskin - Nephron Research Whit Mayo - Leerink Partners A.J. Rice - UBS Andrew Mok - Barclays Sarah ...

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 ...