<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Tenet Healthcare Corporation THC will report third-quarter 2019 results on Nov 4, after market close.
The Zacks Consensus Estimate for earnings is pegged at 28 cents, indicating a 3.4% decline from the year-ago reported figure.
In the last reported quarter, the company’s earnings of 56 cents per share, beat the Zacks Consensus Estimate by 27.3% and grew 14.3% year over year. This upside is primarily driven by the Hospital & Other segment, volume growth in hospital portfolio and earnings growth at United Surgical Partners International (USPI).
Let’s see how things are shaping up prior to this announcement:
The company’s to-be-reported quarter is likely to have suffered softer revenues, affected by lower admissions. Number of licensed beds might have decreased due to the company’s divestitures.
The consensus mark for adjusted patient admissions and licensed beds implies a decrease of 3.7% and 4%, respectively, from the prior-year reported numbers.
Nevertheless, adjusted patient days are expected to have improved marginally in the third quarter. The consensus mark for the same indicates an uptick of 3.8% from the year-ago reported figure.
The company’s USPI segment is likely to have witnessed better surgical and non-surgical volumes, retaining its second-quarter momentum. Moreover, Tenet Healthcare’s Conifer segment is expected to have seen growth on the back of its initiative to boost cost and service structure.
What the Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Tenet Healthcare this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Tenet Healthcare has an Earnings ESP of 0.00%. This is because both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 28 cents. You can see the complete list of today’s Zacks #1 Rank stocks here.” data-reactid=”11″>Tenet Healthcare Corporation THC will report third-quarter 2019 results on Nov 4, after market close.
The Zacks Consensus Estimate for earnings is pegged at 28 cents, indicating a 3.4% decline from the year-ago reported figure.
In the last reported quarter, the company’s earnings of 56 cents per share, beat the Zacks Consensus Estimate by 27.3% and grew 14.3% year over year. This upside is primarily driven by the Hospital & Other segment, volume growth in hospital portfolio and earnings growth at United Surgical Partners International (USPI).
Let’s see how things are shaping up prior to this announcement:
The company’s to-be-reported quarter is likely to have suffered softer revenues, affected by lower admissions. Number of licensed beds might have decreased due to the company’s divestitures.
The consensus mark for adjusted patient admissions and licensed beds implies a decrease of 3.7% and 4%, respectively, from the prior-year reported numbers.
Nevertheless, adjusted patient days are expected to have improved marginally in the third quarter. The consensus mark for the same indicates an uptick of 3.8% from the year-ago reported figure.
The company’s USPI segment is likely to have witnessed better surgical and non-surgical volumes, retaining its second-quarter momentum. Moreover, Tenet Healthcare’s Conifer segment is expected to have seen growth on the back of its initiative to boost cost and service structure.
What the Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Tenet Healthcare this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Tenet Healthcare has an Earnings ESP of 0.00%. This is because both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 28 cents. You can see the complete list of today’s Zacks #1 Rank stocks here.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Tenet Healthcare Corporation Price and EPS Surprise” data-reactid=”12″>Tenet Healthcare Corporation Price and EPS Surprise
Tenet Healthcare Corporation price-eps-surprise | Tenet Healthcare Corporation Quote
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Zacks Rank: Tenet Healthcare sports a Zacks Rank #1, which increases the predictive power of ESP. However, the company’s 0.00% ESP makes surprise prediction difficult for the stock this time around.
Stocks to Consider
Some stocks worth considering from the medical sector with the perfect mix of elements to surpass estimates in the next releases are as follows:
Acadia Healthcare Company, Inc. ACHC is set to report third-quarter earnings on Nov 5. The stock has a Zacks Rank #3 and an Earnings ESP of +1.34%.
AmerisourceBergen Corporation ABC is slated to announce third-quarter earnings on Nov 7. The stock has an Earnings ESP of +0.55% and is Zacks #3 Ranked.
Aurora Cannabis Inc. ACB is set to report third-quarter earnings on Nov 11. It has a Zacks Rank of 3 and an Earnings ESP of +25.76%.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our just-released Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
Download Free Report Now >>” data-reactid=”25″>Zacks Rank: Tenet Healthcare sports a Zacks Rank #1, which increases the predictive power of ESP. However, the company’s 0.00% ESP makes surprise prediction difficult for the stock this time around.
Stocks to Consider
Some stocks worth considering from the medical sector with the perfect mix of elements to surpass estimates in the next releases are as follows:
Acadia Healthcare Company, Inc. ACHC is set to report third-quarter earnings on Nov 5. The stock has a Zacks Rank #3 and an Earnings ESP of +1.34%.
AmerisourceBergen Corporation ABC is slated to announce third-quarter earnings on Nov 7. The stock has an Earnings ESP of +0.55% and is Zacks #3 Ranked.
Aurora Cannabis Inc. ACB is set to report third-quarter earnings on Nov 11. It has a Zacks Rank of 3 and an Earnings ESP of +25.76%.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our just-released Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
Download Free Report Now >>
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Acadia Healthcare Company, Inc. (ACHC) : Free Stock Analysis Report
Tenet Healthcare Corporation (THC) : Free Stock Analysis Report
AmerisourceBergen Corporation (ABC) : Free Stock Analysis Report
Aurora Cannabis Inc. (ACB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research” data-reactid=”26″>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Acadia Healthcare Company, Inc. (ACHC) : Free Stock Analysis Report
Tenet Healthcare Corporation (THC) : Free Stock Analysis Report
AmerisourceBergen Corporation (ABC) : Free Stock Analysis Report
Aurora Cannabis Inc. (ACB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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