Tenet Healthcare Raises FY24 Outlook: Revenue $20B-$20.40B (Up From $19.90B-$20.30B) Vs. $20.37B Estimate, Adj. EPS $8.37-$9.41 Vs. $6.11 Estimate
Portfolio Pulse from Benzinga Newsdesk
Tenet Healthcare has raised its FY24 revenue outlook to $20B-$20.40B, up from $19.90B-$20.30B, surpassing the $20.37B estimate. Adjusted EPS is now expected to be $8.37-$9.41, significantly higher than the $6.11 estimate. This updated outlook follows the sale of nine hospitals in South Carolina and California.

April 30, 2024 | 10:53 am
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Tenet Healthcare raises FY24 revenue and adjusted EPS outlook significantly, indicating strong future performance.
The upward revision in Tenet Healthcare's FY24 outlook, especially the significant increase in adjusted EPS expectations, suggests a robust financial performance ahead. This is likely to positively impact investor sentiment and the stock price in the short term, as the new forecasts not only exceed previous estimates but also indicate successful strategic moves, such as the sale of hospitals, enhancing operational efficiency.
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