Tenet Healthcare to Announce Q1 Earnings on April 30
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
0mins
Should l Buy THC?
Source: seekingalpha
- Earnings Announcement: Tenet Healthcare (THC) is set to release its Q1 2023 earnings on April 30 before market open, with consensus EPS estimated at $4.17, reflecting a 4.4% year-over-year decline, while revenue is projected at $5.4 billion, indicating a 3.4% year-over-year increase.
- Historical Performance: Over the past two years, THC has exceeded EPS estimates 100% of the time and revenue estimates 88% of the time, showcasing the company's strong stability and reliability in financial performance.
- Estimate Revision Trends: In the last three months, EPS estimates have seen five upward revisions and nine downward revisions, while revenue estimates experienced one upward revision and eleven downward revisions, indicating market uncertainty and divergence regarding the company's future performance.
- Market Attention: Tenet Healthcare presented at the Barclays 28th Annual Global Healthcare Conference, and despite a 17.3% surge in stock price post-earnings, the market remains focused on its future performance, reflecting ongoing investor interest in the healthcare sector.
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Analyst Views on THC
Wall Street analysts forecast THC stock price to rise
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 177.500
Low
229.00
Averages
242.89
High
260.00
Current: 177.500
Low
229.00
Averages
242.89
High
260.00
About THC
Tenet Healthcare Corporation is a diversified healthcare services company. The Company's segments include Hospital Operations and Services (Hospital Operations) and Ambulatory Care. The Hospital Operations segment is comprised of its acute care and specialty hospitals, a network of employed physicians and ancillary outpatient facilities. The Company's subsidiaries operate approximately 49 hospitals serving primarily urban and suburban communities in eight states. The Hospital Operations segment also includes around 135 outpatient facilities, including urgent care centers, imaging centers, off-campus hospital emergency departments and micro hospitals. It also provides revenue cycle management and value based care services. The Ambulatory Care segment, through its USPI Holding Company, Inc. subsidiary, holds ownership interests in approximately 518 ambulatory surgery centers, and 25 surgical hospitals in 37 states. The Company operates a Global Business Center in the Philippines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Tenet Healthcare to Announce Q1 Earnings on April 30
- Earnings Announcement: Tenet Healthcare (THC) is set to release its Q1 2023 earnings on April 30 before market open, with consensus EPS estimated at $4.17, reflecting a 4.4% year-over-year decline, while revenue is projected at $5.4 billion, indicating a 3.4% year-over-year increase.
- Historical Performance: Over the past two years, THC has exceeded EPS estimates 100% of the time and revenue estimates 88% of the time, showcasing the company's strong stability and reliability in financial performance.
- Estimate Revision Trends: In the last three months, EPS estimates have seen five upward revisions and nine downward revisions, while revenue estimates experienced one upward revision and eleven downward revisions, indicating market uncertainty and divergence regarding the company's future performance.
- Market Attention: Tenet Healthcare presented at the Barclays 28th Annual Global Healthcare Conference, and despite a 17.3% surge in stock price post-earnings, the market remains focused on its future performance, reflecting ongoing investor interest in the healthcare sector.
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- Sector Growth Highlights: The healthcare sector was the largest contributor, adding 76,000 jobs, with 54,000 coming from returning workers post-strike, suggesting a rebound in this sector after facing short-term challenges.
- Unemployment Rate Changes: Although the unemployment rate dipped slightly to 4.3%, the labor force participation rate fell to 61.9% due to a decline of 396,000 individuals, reflecting underlying pressures in the job market.
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- Sector Contribution Analysis: The education and health services sector contributed 58,000 jobs, while construction added 30,000, highlighting the critical role of the health services industry in transforming the labor market.
- Small Business Dominance: Businesses with fewer than 50 employees added 85,000 jobs, while medium-sized firms lost 20,000, indicating a shift towards small businesses leading the recovery, potentially due to inflation impacts and the need for multiple jobs.
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- Investor Relations Access: Investors can access the live webcast and audio archive of the call through the investor relations section of Tenet's website, enhancing transparency and fostering communication with stakeholders.
- Company Overview: Headquartered in Dallas, Tenet Healthcare is a diversified healthcare services company that includes United Surgical Partners International, the largest ambulatory platform in the U.S., which operates surgical centers and hospitals, showcasing its leadership in the healthcare sector.
- Subsidiary Services: Tenet's Conifer Health Solutions subsidiary focuses on providing revenue cycle management and value-based care services to hospitals, health systems, and other clients, further solidifying its comprehensive capabilities in the healthcare services landscape.
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Tenet Healthcare to Announce Q1 Earnings on April 30
- Earnings Announcement: Tenet Healthcare (THC) is set to release its Q1 2023 earnings on April 30 before market open, with consensus EPS estimated at $4.17, reflecting a 4.4% year-over-year decline, while revenue is projected at $5.4 billion, indicating a 3.4% year-over-year increase.
- Historical Performance: Over the past two years, THC has exceeded EPS estimates 100% of the time and revenue estimates 88% of the time, showcasing the company's strong stability and reliability in financial performance.
- Estimate Revision Trends: In the last three months, EPS estimates have seen five upward revisions and nine downward revisions, while revenue estimates experienced one upward revision and eleven downward revisions, indicating market uncertainty and divergence regarding the company's future performance.
- Market Attention: Tenet Healthcare presented at the Barclays 28th Annual Global Healthcare Conference, and despite a 17.3% surge in stock price post-earnings, the market remains focused on its future performance, reflecting ongoing investor interest in the healthcare sector.
See More
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- Labor Market Recovery: The U.S. added 178,000 nonfarm jobs in March, significantly surpassing the Dow Jones estimate of 59,000, indicating signs of economic recovery despite the persistent slow-growth trend.
- Sector Growth Highlights: The healthcare sector was the largest contributor, adding 76,000 jobs, with 54,000 coming from returning workers post-strike, suggesting a rebound in this sector after facing short-term challenges.
- Unemployment Rate Changes: Although the unemployment rate dipped slightly to 4.3%, the labor force participation rate fell to 61.9% due to a decline of 396,000 individuals, reflecting underlying pressures in the job market.
- Wage Growth Slowdown: Average hourly earnings rose by only 0.2% in March, with a year-over-year increase of 3.5%, both below expectations, indicating that sluggish wage growth may impact consumer spending and overall economic growth.
See More
Private Sector Adds 62,000 Jobs in March, Exceeding Expectations
- Job Growth Overview: Private sector employment increased by 62,000 in March, down 4,000 from February's revised total of 66,000 but exceeding the Dow Jones estimate of 39,000, indicating resilience in economic recovery.
- Sector Contribution Analysis: The education and health services sector contributed 58,000 jobs, while construction added 30,000, highlighting the critical role of the health services industry in transforming the labor market.
- Small Business Dominance: Businesses with fewer than 50 employees added 85,000 jobs, while medium-sized firms lost 20,000, indicating a shift towards small businesses leading the recovery, potentially due to inflation impacts and the need for multiple jobs.
- Wage Growth Trends: Wage growth for those remaining in their jobs held steady at 4.5%, while job changers saw a 6.6% increase, up 0.3 percentage points from February, reflecting tightening competition in the labor market.
See More
Tenet Healthcare to Release Q1 2026 Results and Host Conference Call
- Earnings Release Schedule: Tenet Healthcare Corporation will announce its Q1 2026 results before the market opens on April 30, 2026, followed by a conference call at 9:00 a.m. Central Time (10:00 a.m. Eastern Time), aimed at updating investors on financial performance and strategic direction.
- Investor Relations Access: Investors can access the live webcast and audio archive of the call through the investor relations section of Tenet's website, enhancing transparency and fostering communication with stakeholders.
- Company Overview: Headquartered in Dallas, Tenet Healthcare is a diversified healthcare services company that includes United Surgical Partners International, the largest ambulatory platform in the U.S., which operates surgical centers and hospitals, showcasing its leadership in the healthcare sector.
- Subsidiary Services: Tenet's Conifer Health Solutions subsidiary focuses on providing revenue cycle management and value-based care services to hospitals, health systems, and other clients, further solidifying its comprehensive capabilities in the healthcare services landscape.
See More
Supreme Court to Hear Landmark Birthright Citizenship Case
- Legal Challenge Intensifies: The Supreme Court is set to hear arguments on President Trump's executive order to end birthright citizenship this Wednesday, marking one of the most significant constitutional challenges of the 2026 term that could affect millions of children born in the U.S.
- Core Constitutional Dispute: The case centers on the Citizenship Clause of the 14th Amendment, which states that 'all persons born or naturalized in the United States are citizens,' while the Trump administration seeks to adopt a narrower 'jurisdictional' theory that would exclude children of those without legal status.
- Market and Policy Implications: A ruling in favor of Trump's policy could create immediate administrative and economic ripple effects, impacting areas such as healthcare eligibility and future labor force projections, potentially leading to significant adjustments in social service systems.
- Political and Judicial Independence: The timing of the case is sensitive, as Trump has escalated his criticism of the judiciary, and legal analysts suggest this case could serve as a political tool for him, potentially resulting in a landmark victory for his immigration agenda or framing the conservative-led court as an obstacle to his domestic security goals.
See More
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- Analyst Rating Changes: Top Wall Street analysts have adjusted their outlook on MU stock, indicating a shift in market sentiment, although specific rating changes were not detailed in the report.
- Increased Market Attention: As analysts focus more on MU stock, investors may reassess their investment strategies, potentially impacting the stock's market performance and price volatility.
- Impact of Rating Changes: Changes in analyst ratings typically have a direct effect on investor confidence, which could lead to increased buying or selling pressure on MU stock, thereby influencing its short-term price movements.
- Information Transparency: Despite the lack of specific rating change details, the market remains highly attentive to analysts' views, reflecting potential uncertainty regarding MU's future performance.
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