HCA Healthcare Q1 2024 Adj EPS $5.36 Beats $5.01 Estimate, Sales $17.339B Beat $16.779B Estimate
Portfolio Pulse from Benzinga Newsdesk
HCA Healthcare reported Q1 2024 adjusted EPS of $5.36, surpassing the $5.01 estimate, and sales of $17.339B, exceeding the $16.779B estimate. This represents an 8.72% increase in earnings and an 11.21% increase in sales over the same period last year.
April 26, 2024 | 11:31 am
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HCA Healthcare's Q1 2024 earnings and sales exceeded analyst expectations, with an 8.72% increase in EPS and an 11.21% increase in sales year-over-year.
Beating both EPS and sales estimates significantly, especially with notable year-over-year growth, typically leads to positive investor sentiment and could result in a short-term uptick in HCA's stock price. The substantial beat on both fronts indicates operational efficiency and growth, key factors that investors look for.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100