HCA Healthcare to Report Q2 Earnings: Key Estimates to Note

Core Insights - HCA Healthcare, Inc. is expected to report second-quarter 2025 results on July 25, with earnings estimated at $6.14 per share and revenues at $18.46 billion [1] - The earnings estimate reflects an 11.6% increase year-over-year, while revenue is projected to grow by 5.5% [2] - For the full year 2025, revenue is estimated at $74.6 billion, indicating a 5.7% year-over-year rise, and EPS is projected at $25.26, a 15% increase [3] Earnings Performance - HCA has a history of exceeding earnings estimates, achieving this in the last four quarters with an average surprise of 7.1% [3] - However, current indicators suggest uncertainty regarding an earnings beat for the upcoming quarter, with an Earnings ESP of -8.77% and a Zacks Rank of 3 [4] Operational Metrics - The consensus estimate for equivalent admissions indicates a 2.9% year-over-year growth, with revenue per equivalent admission also expected to rise by 2.9% [5] - Equivalent patient days are projected to grow by 4.3% year-over-year, and occupancy is expected to increase to 73.1% from 71.9% a year ago [5] Cost and Surgery Trends - Total operating expenses are anticipated to rise by 6.5% year-over-year, driven by higher salaries, benefits, and supply costs, with supply costs expected to increase by 5.3% [8] - A decline of 2.2% in outpatient surgery cases is projected, along with a 1.4% decrease in the average length of stay [9]