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MarketScreener Homepage  >  Equities  >  Nyse  >  Tenet Healthcare Corporation    THC

TENET HEALTHCARE CORPORATION

(THC)
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Tenet Healthcare profit beats as hospital visits rise amid pandemic

10/20/2020 | 05:13pm EST

Oct 20 (Reuters) - Hospital operator Tenet Healthcare Corp's quarterly profit exceeded analysts' estimates on Tuesday as more COVID-19 patients were treated and people opted to resume elective procedures after coronavirus restrictions eased.

The Dallas, Texas-based company said net operating revenue from its hospital segment, which mainly includes its acute care and specialty hospitals, rose by 17% on a same-hospital basis versus last year.

Tenet's net operating revenue fell marginally to $4.56 billion in the quarter ended Sept. 30. Excluding items, it earned 64 cents per share, beating analysts' estimates of 31 cents per share.

The hospital operator reported a net loss from continuing operations attributable to common shareholders of $197 million, versus a loss of $227 million last year.

Tenet, which operates 65 hospitals and about 500 other healthcare facilities, furloughed around 10% of its workforce due to a drop in elective surgeries during the virus outbreak, Reuters reported in April. (Reporting by Vishwadha Chander in Bengaluru; Editing by Devika Syamnath)


© Reuters 2020
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Financials (USD)
Sales 2020 17 650 M - -
Net income 2020 81,9 M - -
Net Debt 2020 13 455 M - -
P/E ratio 2020 50,1x
Yield 2020 -
Capitalization 3 443 M 3 443 M -
EV / Sales 2020 0,96x
EV / Sales 2021 0,92x
Nbr of Employees 101 104
Free-Float 67,3%
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Technical analysis trends TENET HEALTHCARE CORPORATION
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 32,13 $
Last Close Price 32,63 $
Spread / Highest target 31,8%
Spread / Average Target -1,55%
Spread / Lowest Target -38,7%
EPS Revisions
Managers
NameTitle
Ronald A. Rittenmeyer Executive Chairman & Chief Executive Officer
Saumya Sutaria President, Chief Operating Officer & Director
Daniel J. Cancelmi Chief Financial Officer
Paola Arbour Chief Information Officer & Senior Vice President
Joseph Robert Kerrey Lead Independent Director
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