Tenet Revises FY24 Net Operating Revenues Outlook From $20.60B - $21B To $20.60B - $20.80B (Est $20.816B), Raises Adj EPS From $10.41 - $11.12 To $11.12 - $11.73 (Est $10.56)
Portfolio Pulse from Benzinga Newsdesk
Tenet Healthcare has revised its FY24 net operating revenues outlook to a range of $20.60B - $20.80B, slightly below the previous estimate. However, it has raised its adjusted EPS guidance to $11.12 - $11.73, surpassing the previous estimate.
October 29, 2024 | 12:07 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Tenet Healthcare has adjusted its FY24 financial outlook, slightly lowering its revenue range but significantly raising its adjusted EPS guidance, which exceeds previous estimates.
The revision of Tenet's revenue outlook to a slightly lower range may be seen as a minor negative, but the significant increase in adjusted EPS guidance, which exceeds estimates, is a strong positive signal. This suggests improved profitability and could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100