Tenet Healthcare Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Tenet Healthcare Corp (NYSE:THC) will unveil its latest earnings on Tuesday, May 8, 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 estimate of analysts is for net income of 9 cents per share, a decline of 43.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 19 cents. Between one and three months ago, the average estimate moved down. It has risen from 8 cents during the last month. Analysts are projecting profit to rise by 1.9% versus last year to 53 cents.

Past Earnings Performance: Last quarter, the company fell short of estimates by 3 cents, coming in at profit of 10 cents per share against a mean estimate of net income of 13 cents. The company topped expectations in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 1.2% in revenue from the year-earlier quarter to $2.48 billion.

Analyst Ratings: Analysts seem relatively indifferent about Tenet Healthcare with 10 of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $70 million (15 cents a share) from a profit of $80 million (14 cents) a year earlier, missing analyst expectations. Revenue fell 29.1% to $1.63 billion from $2.3 billion.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 7.1% in the first quarter of the last fiscal year, 3.1% in the second quarter of the last fiscal year and 3.5%in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

Stock Price Performance: Between February 6, 2012 and May 2, 2012, the stock price fell 66 cents (-11.1%), from $5.94 to $5.28. 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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