Tenet Healthcare (THC) closed the most recent trading day at $171.52, marking a +1.42% increase from the previous session. The stock's performance outpaced the S&P 500's daily gain of 1.11%, while the Dow rose 1.19% and the Nasdaq increased 1.43%.
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The stock of hospital operator has risen by 3.77% in the past month, leading the Medical sector's gain of 2.14% and undershooting the S&P 500's gain of 3.92%. Market participants will be closely following the financial results of Tenet Healthcare in its upcoming release, which is scheduled for July 22, 2025. The company is forecasted to report an EPS of $2.84, showcasing a 22.94% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.15 billion, up 0.85% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.73 per share and revenue of $20.9 billion, indicating changes of +7.15% and +1.12%, respectively, compared to the previous year. Investors should also take note of any recent adjustments to analyst estimates for Tenet Healthcare, as these revisions tend to reflect the evolving nature of short-term business trends. Positive estimate revisions can be interpreted as a good sign for the business outlook, and our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.33% increase. As of now, Tenet Healthcare holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Tenet Healthcare has a Forward P/E ratio of 13.29 right now. For comparison, its industry has an average Forward P/E of 11.11, which means Tenet Healthcare is trading at a premium to the group. It is also worth noting that THC currently has a PEG ratio of 1.23, which is slightly higher than the industry average of 1.27 for the Medical - Hospital industry.
The Medical - Hospital industry is part of the Medical sector and currently bears a Zacks Industry Rank of 96, finding itself in the top 40% echelons of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups, and our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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