Although the revenue and EPS for HCA (HCA) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
HCA Healthcare (HCA) came out with quarterly earnings of $5.05 per share, beating the Zacks Consensus Estimate of $4.97 per share. This compares to earnings of $3.91 per share a year ago.
Third-quarter results came in below expectations, and the hospital operator expects hurricanes to impact the current quarter as well.
HCA is expecting Hurricane Helene's impact on facilities in North Carolina and Hurricane Milton's impact on facilities in Florida in October to shave 60 cents to 90 cents off fourth-quarter EPS.
HCA Healthcare beat Wall Street estimates for quarterly profit on Friday, helped by an increase in hospital admissions and lower-than-expected labor costs.
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HCA's third-quarter earnings are likely to benefit from improved admissions, capacity additions and payer mix, partially offset by rising operating expenses.
Evaluate the expected performance of HCA (HCA) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
I previously rated HCA Healthcare a hold due to flat DCF price target of $319 and mixed industry trends. Since my last analysis, industry cost pressures have eased while healthcare spending continues to grow. With additional upside potential and risks mitigated, I raise my rating to buy at a price target of $447.
There's no need to change a winning formula.
HCA (HCA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.