Tenet Healthcare Corp reports results for the quarter ended September 30. $THC (+1,57%)

Unfortunately only on my watch

Tenet Healthcare Corp THC.N reported adjusted quarterly earnings of $2.93 per share for the quarter ended September 30, which is higher than the $1.44 EPS reported in the same quarter last year. The average expectation of 18 analysts for the quarter was earnings of USD 2.37 per share. Wall Street was expecting earnings of between USD 2.23 and USD 2.64 per share.

Sales rose by 1.1% year-on-year to USD 5.12 billion; analysts had expected USD 5.05 billion.

Tenet Healthcare Corp. reported earnings per share of $4.89 for the quarter.

The company reported a quarterly net profit of 472 million dollars.

Shares of Tenet Healthcare Corp were down 16.1% for the quarter and up 84.6% for the year to date.

FORECAST CHANGES

The average analysts' earnings estimate has risen by around 7 % in the last three months.

There have been no negative revisions to earnings forecasts in the last 30 days

RECOMMENDATIONS

The current average analyst rating on the stock is "Buy" and the breakdown of recommendations is 20 "Strong Buy" or "Buy" recommendations, 1 "Hold" and no "Sell" or "Strong Sell" recommendations.