Tenet Healthcare Corporation (NYSE:THC) diversified healthcare services provider, is expected to report third quarter earnings results, after market close, on Tuesday 20th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.31 per share.
Looking ahead, the full year income are expected at $ 3.90 per share on the revenues of $ 17515.80 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
Click Here For More Historical Outlooks Of Tenet Healthcare Corporation
Previous Quarter Performance
Tenet Healthcare Corporation came out with income for the second quarter of $ 1.26 per share, from the revenue of $ 3,648.00 million. The quarterly earnings elevated 125.00 percent while revenues dropped 20.00 percent compared with the same quarter last year.
The consensus estimates are loss of $ 0.71 per share from $ 3760.46 million in revenue. The bottom line results beat street analysts by $ 1.97 or 277.46 percent, at the same time, top line results fell short of analysts by $ 112.46 million or 2.99 percent.
Stock Performance
Shares of Tenet Healthcare Corporation traded low $ -0.77 or -2.66 percent on Monday, reaching $ 28.19 with volume of 686.60 thousand shares. Tenet Healthcare Corporation has traded high as $ 29.29 and has cracked $ 28.10 on the downward trend
According to the previous trading day, closing price of $ 28.19, representing a 189.60 % increase from the 52 week low of $ 10.00 and a 26.44 % decrease over the 52 week high of $ 39.37.
The company has a market capital of $ 2.97 billion and is part of the Healthcare sector and Medical Care industry.
Recent Analyst recommendations
- On 21st September 2020, downgraded by JPMorgan Chase & Co. to Underweight from Neutral rating, with $ 20.00 target price.
Conference Call
Tenet Healthcare Corporation will be hosting a conference call at 10:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tenethealth.com
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.
