Tenet Expects Q4 Net Operating Revenues Of $5.007B - $5.207B (Est $5.29B), Adjusted EPS Of $2.69 - $3.31 (Est $2.88)
Portfolio Pulse from Benzinga Newsdesk
Tenet Healthcare Corporation (THC) has provided guidance for Q4, expecting net operating revenues between $5.007 billion and $5.207 billion, which is below the estimated $5.29 billion. The adjusted EPS is projected to be between $2.69 and $3.31, compared to the estimated $2.88.
October 29, 2024 | 11:59 am
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NEUTRAL IMPACT
Tenet Healthcare's Q4 revenue guidance is below estimates, but EPS guidance is mixed, with the upper range above estimates.
The revenue guidance being below estimates could negatively impact the stock, but the EPS guidance range includes a potential upside, which may offset the negative sentiment. This mixed guidance results in a neutral short-term impact.
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