Tenet Healthcare Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Tenet Healthcare Corp (NYSE:THC) will unveil its latest earnings on Tuesday, February 28, 2012. Tenet Healthcare is an investor-owned health care services company that mainly operates general hospitals and related health care facilities.

Tenet Healthcare Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 14 cents per share, a rise of 40% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 15 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 14 cents during the last month. Analysts are projecting profit to rise by 2.4% compared to last year’s 42 cents.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported profit of 4 cents per share versus a mean estimate of one cent. Two quarters ago, it reported net income of 9 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.2% in revenue from the year-earlier quarter to $2.42 billion.

Analyst Ratings: Analysts seem relatively indifferent about Tenet Healthcare with 10 of 17 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit fell 98.7% to $12 million (2 cents a share) from $938 million ($1.68 a share) the year earlier, but exceeded analyst expectations. Revenue rose 3.5% to $2.34 billion from $2.26 billion.

Key Stats:

Revenue has gone up in the past four quarters. Revenue rose 3.1% in the second quarter from the year earlier, climbed 7.1% in the first quarter from the year-ago quarter and 1.8% in the fourth quarter of the last fiscal year.

The decrease in profit in the third quarter came after net income rose in the previous quarter. In the second quarter, net income rose 96.8%.

Stock Price Performance: Between November 23, 2011 and February 22, 2012, the stock price rose $1.43 (34.7%), from $4.12 to $5.55. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 12, 2011, when shares rose for eight straight days, increasing 27.3% (+98 cents) over that span. It saw one of its worst periods between November 11, 2011 and November 23, 2011 when shares fell for nine straight days, dropping 20.6% (-$1.07) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com