Tenet Healthcare (THC) Q2 Earnings: What's In The Cards?
Zacks Investment Research | Aug 01, 2019 11:25PM ET
Tenet Healthcare Corporation (NYSE:THC) will report second-quarter 2019 results on Aug 5, after market close. In the last reported quarter, it delivered adjusted net earnings of 54 cents per share, outperforming the Zacks Consensus Estimate by 80%.
Let’s see how things are shaping up prior to this announcement:
We expect to see a year over year decline in revenues, due to lower number of licensed beds. Number of licensed beds are expected to decrease due to the company's divestitures. The consensus mark for the number of average licensed beds implies a 6.2% fall from the year-ago reported number. The consensus estimate for revenues is pegged at $4.4 billion, suggesting a dip of 0.5% from the year-ago period.
Revenues of Ambulatory Care and Conifer are likely to suffer in the second quarter.
The Zacks Consensus Estimate for earnings stands at 44 cents, indicating a decline of 10.2% from the prior-year reported figure.
Nevertheless, adjusted patient days are expected to improve marginally in the second quarter. The Zacks Consensus Estimate for the same indicates a 0.8% uptick from the year-earlier reported figure.
The second quarter is expected to take a beating due to increased malpractice, which was earlier projected by the company.
Overdependence on debt for growth-related investments might persistently increase the financial risk for Tenet Healthcare.
What the Quantitative Model States
Our proven model does not conclusively show that Tenet Healthcare is likely to beat on earnings this to-be-reported quarter. This is because the stock has the right combination of a positive Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.