Tenet Healthcare (THC) reported $5.37 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 2.8%. EPS of $4.82 for the same period compares to $4.36 a year ago.
The reported revenue represents a surprise of -0.36% over the Zacks Consensus Estimate of $5.39 billion. With the consensus EPS estimate being $4.21, the EPS surprise was +14.39%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Tenet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Adjusted patient admissions - Same-hospital: 210.85 thousand versus 212.31 thousand estimated by two analysts on average. Adjusted admissions: 215.35 thousand versus the two-analyst average estimate of 208.48 thousand. Net Operating revenues: $5.37 billion versus the four-analyst average estimate of $5.37 billion. The reported number represents a year-over-year change of +2.8%. Net Operating revenues- Ambulatory Care: $1.32 billion compared to the $1.3 billion average estimate based on four analysts. The reported number represents a change of +10.6% year over year. Net Operating revenues- Hospital Operations and Services: $4.05 billion versus the four-analyst average estimate of $4.07 billion. The reported number represents a year-over-year change of +0.5%. Equity in earnings of unconsolidated affiliates: $51 million versus $57.66 million estimated by four analysts on average. Equity in earnings of unconsolidated affiliates- Ambulatory Care: $51 million compared to the $55.55 million average estimate based on three analysts. Adjusted EBITDA- Hospital Operations and Services: $678 million versus the three-analyst average estimate of $622.37 million. Adjusted EBITDA- Ambulatory Care: $484 million versus $487.14 million estimated by three analysts on average.View all Key Company Metrics for Tenet here>>>
Shares of Tenet have returned -5.4% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Radical New Technology Could Hand Investors Huge Gains
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This article originally published on Zacks Investment Research (zacks.com).