Tenet Healthcare (THC) closed at $191.26 in the latest trading session, marking a -2.74% move from the prior day. This change lagged the S&P 500's daily loss of 0.24%. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 0.26%.
Coming into today, shares of the hospital operator had lost 1.85% in the past month. In that same time, the Medical sector lost 0.68%, while the S&P 500 gained 6.42%.
The upcoming earnings release of Tenet Healthcare will be of great interest to investors. The company's earnings report is expected on April 30, 2026. The company is expected to report EPS of $4.19, down 3.9% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.39 billion, up 3.15% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $17.3 per share and a revenue of $21.99 billion, signifying shifts of +3.1% and +3.21%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Tenet Healthcare. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Tenet Healthcare is currently a Zacks Rank #3 (Hold).
Looking at valuation, Tenet Healthcare is presently trading at a Forward P/E ratio of 11.37. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 11.37.
Also, we should mention that THC has a PEG ratio of 0.95. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Medical - Hospital industry had an average PEG ratio of 0.95 as trading concluded yesterday.
The Medical - Hospital industry is part of the Medical sector. This group has a Zacks Industry Rank of 57, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Tenet Healthcare Corporation (THC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).