Tenet Healthcare Corp Quarterly Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Tenet Healthcare Corp (NYSE:THC) will unveil its latest earnings on Tuesday, August 2, 2011. Tenet Healthcare Corporation 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 rise of 28.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting profit of 44 cents per share, a rise of 7.3% from last year.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of 16 cents per share against the mean estimate of 14 cents. In the prior quarter, the company reported profit of 10 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.4 billion in revenue this quarter, a rise of 4.3% from the year ago quarter. Analysts are forecasting total revenue of $9.74 billion for the year, a rise of 5.9% from last year’s revenue of $9.2 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and nine rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

Key Stats:

The company’s revenue has now risen for two straight quarters. In first quarter, revenue increased 7.1% to $2.51 billion from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure rose 1.8%.

Competitors to Watch: Community Health Systems (NYSE:CYH), Health Management Associates, Inc. (NYSE:HMA), Universal Health Services, Inc. (NYSE:UHS), MedCath Corporation (NASDAQ:MDTH), SunLink Health Systems, Inc. (AMEX:SSY), HCA Holdings Inc (NYSE:HCA), LifePoint Hospitals, Inc. (NASDAQ:LPNT), UnitedHealth Group Inc. (NYSE:UNH), HEALTHSOUTH Corp. (NYSE:HLS), and Select Medical Hldgs. Corp. (NYSE:SEM).

Stock Price Performance: During May 2, 2011 to July 27, 2011, the stock price had fallen $1 (-14.9%) from $6.69 to $5.69. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven-straight days, rising 6.9% (+45 cents) over that span. It saw one of its worst periods between November 11, 2010 and November 30, 2010 when shares fell for 13-straight days, falling 12.8% (-60 cents) over that span. Shares are down $1 (-14.9%) year to date.

(Source: Xignite Financials)

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