2024 Outlook: Tenet Healthcare Forecasts 2024 Adjusted EPS Of $10.41-$11.12 Compared To Prior Guidance Of $8.37-$9.41 And Consensus Of $8.98, Revenues Of $20.6B-$21B Compared To Prior Guidance Of $20B-$20.4B And Consensus Of $20.493B
Portfolio Pulse from Benzinga Newsdesk
Tenet Healthcare has significantly raised its 2024 financial outlook, forecasting adjusted EPS of $10.41-$11.12, up from prior guidance of $8.37-$9.41 and consensus of $8.98. Revenue projections have also increased to $20.6B-$21B, compared to prior guidance of $20B-$20.4B and consensus of $20.493B. The outlook reflects the sale of several hospitals in South Carolina and California.
July 24, 2024 | 10:55 am
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Tenet Healthcare has raised its 2024 financial outlook, forecasting higher adjusted EPS and revenues compared to prior guidance and consensus estimates. This positive revision is likely to boost investor confidence and drive the stock price up in the short term.
The significant increase in both adjusted EPS and revenue guidance compared to prior estimates and consensus is a strong positive signal for investors. This suggests improved operational performance and financial health, likely leading to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100