Tenet Healthcare (THC) Rises As Market Takes a Dip: Key Facts

Company Performance - Tenet Healthcare (THC) ended the recent trading session at $133.04, showing a +1.73% change from the previous day's closing price, outperforming the S&P 500's daily loss of 1.12% [1] - The stock has decreased by 2.82% over the past month, contributing to the Medical sector's loss of 2.99% and the S&P 500's loss of 2.91% [1] Earnings Forecast - The upcoming earnings report for Tenet Healthcare is anticipated to show an EPS of $3.11, reflecting a 3.42% decline compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $5.17 billion, down 3.71% from the year-ago period [2] Annual Estimates - For the entire year, the Zacks Consensus Estimates forecast earnings of $12.12 per share and revenue of $20.84 billion, indicating changes of +2.02% and +0.85%, respectively, compared to the previous year [3] - Recent changes to analyst estimates for Tenet Healthcare indicate the dynamic nature of near-term business trends, with positive revisions suggesting analyst optimism regarding the company's business and profitability [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have generated an average annual return of +25% since 1988 [5] - Currently, Tenet Healthcare holds a Zacks Rank of 3 (Hold), with a 0.61% decline in the Zacks Consensus EPS estimate over the past month [5] Valuation Metrics - Tenet Healthcare's Forward P/E ratio is 10.8, which is a premium compared to the industry's average Forward P/E of 10.45 [6] - The company has a PEG ratio of 0.98, which is lower than the industry average PEG ratio of 1.07 [6] Industry Overview - The Medical - Hospital industry, part of the Medical sector, has a Zacks Industry Rank of 81, placing it in the top 33% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups by evaluating the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]