Tenet Healthcare Corporation (NYSE:THC) diversified healthcare services provider, is expected to report second quarter earnings results, after market close, on Monday 3rd August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.71 per share.
Looking ahead, the full year income are expected at $ 1.10 per share on the revenues of $ 17618.30 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 19,100.00 million ~ $ 19,500.00 million, where as bottomline are predicted in a range of $ 2.69 ~ $ 3.35 per share
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Previous Quarter Performance
Tenet Healthcare Corporation posted income for the first quarter of $ 1.28 per share, from the revenue of $ 4,520.00 million. The quarterly earnings increased 137.04 percent while revenues surged 0.16 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.32 per share from $ 4627.84 million in revenue. The bottom line results beat street analysts by $ 0.96 or 300.00 percent, at the same time, top line results fell short of analysts by $ 107.84 million or 2.33 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of THC was $ 26.44, representing a 164.40 % increase from the 52 week low of $ 10.00 and a 32.84 % decrease over the 52 week high of $ 39.37.
The company has a market capital of $ 2.77 billion and is part of the Healthcare sector and Medical Care industry.
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Recent Analyst recommendations
- On 11th June 2020, maintained by UBS Group at Buy rating, with $ 30.00 target price.
Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies.
