After Tenet Healthcare experienced a loss of 12 cents a year ago, analysts predict positive news when the company reports this year's first quarter numbers on Monday, May 4, 2015. They expect a profit of 31 cents a share.
The consensus estimate remains unchanged over the past month, but it has decreased from three months ago when it was 45 cents. For the fiscal year, analysts are projecting earnings of $2.00 per share. Revenue is projected to be $4.32 billion for the quarter, 10% above the year-earlier total of $3.93 billion. For the year, revenue is projected to come in at $17.64 billion.
The last four quarters have each brought the company double-digit year-over-year revenue growth. Over that time span, revenue has increased by an average of 58%, with the largest growth in the second quarter when it rose 80% year-over-year.
The majority of analysts (57%) rate Tenet as a buy. That percentage is still below the mean analyst rating of 10 similar companies, which average 65% buys.
Tenet Healthcare is an investor-owned health care services company that mainly operates general hospitals and related health care facilities. Other companies in the healthcare facilities industry with upcoming earnings release dates include: Select Medical Holdings, LifePoint Hospitals and Community Health.
Earnings estimates provided by Zacks.
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