Tenet Healthcare Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Tenet Healthcare Corp (NYSE:THC) will unveil its latest earnings on Tuesday, November 1, 2011. 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 one cent per share, a swing from net loss of one cent in the year earlier quarter. During the past three months, the average estimate has moved down from 9 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at one cent during the last month. Analysts are projecting profit to rise by 9.8% versus last year to 37 cents.

Past Earnings Performance: Last quarter, the company saw profit of 9 cents per share versus a mean estimate of net income of 9 cents per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 3.1% in revenue from the year-earlier quarter to $2.33 billion.

Analyst Ratings: nine out of 17 analysts surveyed (52.9%) have a buy rating on Tenet Healthcare.. This is below the mean analyst rating of 10 competitors, which average 64.3% buy ratings.

A Look Back: In the second quarter, profit rose 96.8% to $61 million (11 cents a share) from $31 million (5 cents a share) the year earlier, meeting analyst expectations. Revenue rose 3.1% to $2.37 billion from $2.3 billion.

Key Stats:

Revenue has gone up for three straight quarters. It rose 7.1% in the first quarter from the year earlier and 1.8% in the fourth quarter of the last fiscal year.

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 September 28, 2011 to October 26, 2011, the stock price had risen $1.15 (28.5%) from $4.03 to $5.18. 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, rising 27.3% (+98 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 $1.51 (-22.6%) year to date.

(Source: Xignite Financials)

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