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Tenet Healthcare (THC) Stock Declines While Market Improves: Some Information for Investors
Tenet HealthTenet Health(US:THC) ZACKSยท2024-10-04 23:05

Group 1 - Tenet Healthcare's stock closed at $156.57, reflecting a slight decrease of -0.11% from the previous session, underperforming compared to the S&P 500's gain of 0.9% [1] - Over the past month, Tenet Healthcare's stock has declined by 3.24%, contributing to a loss of 4.05% in the Medical sector, while the S&P 500 gained 3.15% [1] Group 2 - The upcoming earnings report for Tenet Healthcare is scheduled for October 29, 2024, with an expected EPS of $2.33, representing a significant increase of 61.81% year-over-year [2] - Revenue is anticipated to be $5.05 billion, indicating a slight decrease of 0.41% compared to the same quarter last year [2] Group 3 - For the full year, Zacks Consensus Estimates project earnings of $10.72 per share and revenue of $20.84 billion, reflecting increases of 53.58% and 1.4% respectively compared to the previous year [3] Group 4 - Recent adjustments to analyst estimates for Tenet Healthcare suggest positive sentiment regarding the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which evaluates these estimate changes, currently ranks Tenet Healthcare as 1 (Strong Buy), indicating strong potential for stock performance [6] Group 5 - Tenet Healthcare's Forward P/E ratio is 14.62, which is lower than the industry average of 15.39, suggesting that the stock may be undervalued [7] - The company's PEG ratio stands at 0.8, compared to the industry average of 1.13, indicating favorable growth expectations relative to its valuation [8] Group 6 - The Medical - Hospital industry, which includes Tenet Healthcare, holds a Zacks Industry Rank of 2, placing it in the top 1% of over 250 industries, suggesting strong overall performance potential [8][9]