The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Tenet Healthcare's revenues will increase 5.1% and EPS will grow 69.0%.
The average estimate for revenue is $2.58 billion. On the bottom line, the average EPS estimate is $0.71.
Last quarter, Tenet Healthcare notched revenue of $2.59 billion. GAAP reported sales were 3.7% higher than the prior-year quarter's $2.30 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
Last quarter, non-GAAP EPS came in at $0.33. GAAP EPS were -$0.85 for Q1 against $0.53 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the preceding quarter, gross margin was 35.3%, 120 basis points worse than the prior-year quarter. Operating margin was 6.7%, 240 basis points worse than the prior-year quarter. Net margin was -3.7%, 650 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $10.31 billion. The average EPS estimate is $2.75.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 370 members out of 438 rating the stock outperform, and 68 members rating it underperform. Among 105 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give Tenet Healthcare a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tenet Healthcare is outperform, with an average price target of $45.14.
Is Tenet Healthcare the best health care stock for you? Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks," including one above-average health care logistics company. Click here for instant access to this free report.
- Add Tenet Healthcare to My Watchlist.