Profile
Sector:
HealthcareIndustry:
Medical Care FacilitiesCountry:
United StatesIPO:
17 March 1980Website:
http://www.tenethealth.comNext earnings report:
N/ALast dividends:
13 March 2000Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 22:45:35 GMTDividend
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THC Latest News
Tenet Healthcare Corporation (NYSE:THC ) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Will McDowell – Vice President-Investor Relations Saum Sutaria – Chairman and Chief Executive Officer Sun Park – Executive Vice President and Chief Financial Officer Conference Call Participants Josh Raskin – Nephron Research Ben Hendrix – RBC Capital Markets A.J. Rice – UBS Stephen Baxter – Wells Fargo Ann Hynes – Mizuho Michael Ha – Baird Pito Chickering – Deutsche Bank Justin Lake – Wolfe Research Joanna Gajuk – Bank of America Whit Mayo – Leerink Partners Andrew Mok – Barclays Brian Tanquilut – Jefferies Matthew Gillmor – KeyBanc Capital Markets Sarah James – Cantor Fitzgerald John Ransom – Raymond James Jamie Perse – Goldman Sachs Operator Good morning, and welcome to Tenet Healthcare's Third Quarter 2024 Earnings Conference Call.
Although the revenue and EPS for Tenet (THC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Tenet Healthcare (THC) came out with quarterly earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $1.44 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
THC's third-quarter results are likely to reflect growing patient admissions, utilization and patient days.
Tenet (THC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the latest trading session, Tenet Healthcare (THC) closed at $163.87, marking a +1.34% move from the previous day.
THC is well-positioned to benefit from the growing demand for hospital services. Yet, rising costs can potentially squeeze its margin growth.
In the latest trading session, Tenet Healthcare (THC) closed at $161.71, marking a -1.41% move from the previous day.
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What type of business is Tenet Healthcare?
Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and/or coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; tertiary care services, such as cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; quaternary care services in heart and kidney transplants; and limb salvaging vascular procedure, acute level 1 trauma, intravascular stroke care, minimally invasive cardiac valve replacement, imaging, surgical robotic, and telemedicine access services. In addition, it offers a range of procedures and services, such as orthopedics, total joint replacement, and spinal and other musculoskeletal procedures; gastroenterology; pain management; otolaryngology; ophthalmology; and urology. It operates hospitals, ambulatory surgery centers, imaging centers, surgical hospitals, off-campus emergency departments, and micro-hospitals. Tenet Healthcare Corporation was founded in 1967 and is headquartered in Dallas, Texas.
What sector is Tenet Healthcare in?
Tenet Healthcare is in the Healthcare sector
What industry is Tenet Healthcare in?
Tenet Healthcare is in the Medical Care Facilities industry
What country is Tenet Healthcare from?
Tenet Healthcare is headquartered in United States
When did Tenet Healthcare go public?
Tenet Healthcare initial public offering (IPO) was on 17 March 1980
What is Tenet Healthcare website?
https://www.tenethealth.com
Is Tenet Healthcare in the S&P 500?
No, Tenet Healthcare is not included in the S&P 500 index
Is Tenet Healthcare in the NASDAQ 100?
No, Tenet Healthcare is not included in the NASDAQ 100 index
Is Tenet Healthcare in the Dow Jones?
No, Tenet Healthcare is not included in the Dow Jones index
When was Tenet Healthcare the previous earnings report?
No data
When does Tenet Healthcare earnings report?
Next earnings report date is not announced yet