Will Tenet Healthcare Return to Profitability?

Analysts expect Tenet Healthcare (NYSE:THC) to report net income of $0.01 per share when it reports earnings on November 1st.  The company lost $0.01 per share in the year ago period.

Tenet Healthcare Corp Third Quarter Earnings Sneak Peek>>

The consensus estimate of $0.01 per share is down from $0.09 three months ago.  Revenue is projected to be $2.33 billion, a 3% increase from the year ago number of $2.26 billion.  Earnings for the fiscal year are expected to be $0.37 per share and revenue is projected to be $9.61 billion.

Following is some information about the company’s stock price performance, along with that of some of its competitors.

  • Tenet Healthcare Corporation (NYSE:THC): The shares recently traded at $5.28, up $0.10, or 1.93%, on the day.  The shares have traded in a 52-week range of $3.46 to $7.70 and its market capitalization is $2.41 billion.  About the company: Tenet Healthcare Corporation, through its subsidiaries, owns or operates general hospitals and related health care facilities serving communities in the United States.  The Company operates rehabilitation hospitals, specialty hospitals, long-term care facilities, psychiatric facilities, and medical office buildings near its general hospitals, as well as ancillary health care businesses.
  • Universal Health Services (NYSE:UHS): The shares recently traded at $38.69, up $0.47, or 1.23%, on the day.  The shares have traded in a 52-week range of $31.35 to $56.46 and its market capitalization is $3.78 billion.  About the company: United Health Services, Inc. is a healthcare management company.  The Company operates acute care hospitals, behavioral health centers, and surgery centers.  Universal provides services such as general surgery, internal medicine, radiology, and pediatric services throughout the United States and Puerto Rico.
  • Health Management Associates (NYSE:HMA): The shares recently traded at $8.81, up $0.03, or 0.34%, on the day.  The shares have traded in a 52-week range of $6.06 to $11.74 and its market capitalization is $2.24 billion.  About the company: Health Management Associates, Inc. operates general acute care hospitals in rural communities located primarily in the southeastern and southwestern United States.  The Company’s facilities offer a wide range of medical and surgical services.
  • Community Health Systems (NYSE:CYH): The shares recently traded at $17.49, down $2.79, or 13.76%, on the day.  The shares have traded in a 52-week range of $14.61 to $42.50 and its market capitalization is $1.63 billion. About the company: Community Health Systems, Inc. owns, leases, and operates hospitals in multiple states.  The Hospital services include emergency room services, general surgery, critical care, internal medicine, obstetrics and diagnostic services.  Community Health also owns interests in physicians, physician practices, imaging centers, home health agencies, and ambulatory surgery centers.
  • SunLink Health Systems (AMEX:SSY): The shares recently traded at $1.84, up $0.04, or 1.94%, on the day.  The shares have traded in a 52-week range of $1.28 to $2.99 and its market capitalization is $17.35 million.  About the company: SunLink Health Systems, Inc. owns and operates community hospitals and related nursing homes and home care businesses in the Southeast and Midwest.  The Company also operates a specialty pharmacy business in Louisiana.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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