Hospital operator HCA Healthcare (NYSE: HCA) will be reporting results this Tuesday before market hours. Here’s what investors should know.
HCA Healthcare beat analysts’ revenue expectations last quarter, reporting revenues of $20.23 billion, up 8.7% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a slight miss of analysts’ full-year EPS guidance estimates.
Is HCA Healthcare a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting HCA Healthcare’s revenue to be flat year on year, slowing from the 9.6% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. HCA Healthcare has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at HCA Healthcare’s peers in the healthcare providers & services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Elevance Health posted flat year-on-year revenue, beating analysts’ expectations by 3.1%, and UnitedHealth reported flat revenue, topping estimates by 1.2%. Elevance Health traded up 1.4% following the results while UnitedHealth was also up 4.5%.
Read our full analysis of Elevance Health’s results here and UnitedHealth’s results here.
There has been positive sentiment among investors in the healthcare providers & services segment, with share prices up 2.7% on average over the last month. HCA Healthcare is up 7.7% during the same time and is heading into earnings with an average analyst price target of $461.81 (compared to the current share price of $466.02).
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