Why Tenet (THC) Could Beat Earnings Estimates Again

Core Viewpoint - Tenet Healthcare (THC) is positioned well to continue its trend of beating earnings estimates, with a strong history of surprises in recent quarters [1]. Earnings Performance - In the last reported quarter, Tenet achieved earnings of $2.93 per share, exceeding the Zacks Consensus Estimate of $2.33 per share, resulting in a surprise of 25.75% [2]. - For the previous quarter, Tenet's earnings were $2.31 per share against an expected $1.89 per share, delivering a surprise of 22.22% [2]. Earnings Estimates - Recent estimates for Tenet have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [3][6]. - The current Earnings ESP for Tenet is +0.10%, suggesting analysts are optimistic about its near-term earnings potential [6]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5].