HCA is expected to benefit from growing volumes and operational efficiency. However, declining outpatient surgeries and the impact of hurricanes might partially offset the positives.
HCA Healthcare NYSE: HCA is the third-largest company in the U.S. healthcare providers and services industry. Shares have slid recently, down over 13% from the all-time high they reached on Oct. 18.
HCA is poised to benefit from volume growth and expansion initiatives.
Major U.S. equities indexes were mixed on the final day of trading in a week dominated by a steady flow of earnings reports as well as increasing questions about how quickly the Federal Reserve will proceed with interest-rate reductions.
HCA Healthcare, Inc. (NYSE:HCA ) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET Corporate Participants Frank Morgan - Vice President of Investor Relations Sam Hazen - Chief Executive Officer Mike Marks - Chief Financial Officer Conference Call Participants AJ Rice - Credit Suisse Ben Hendrix - RBC Capital Pito Chickering - Deutsche Bank Andrew Mok - Barclays Joanna Gajuk - Bank of America Justin Lake - Wolfe Research Brian Tanquilut - Jefferies Whit Mayo - Leerink Partners Stephen Baxter - Wells Fargo Scott Fidel - Stephens Ryan Langston - TD Cowen Sarah James - Cantor Fitzgerald John Ransom - Raymond Lance Wilkes - Bernstein Craig Hettenbach - Morgan Stanley Jamie Perse - Goldman Sachs Joshua Raskin - Nephron Operator Hello, welcome to the HCA Healthcare Third Quarter 2024 Earnings Conference Call. Today's call is being recorded.
HCA's quarterly results benefit from improved admissions and inpatient surgeries, partially offset by the impact of hurricanes and rising salaries and benefits expenses.
HCA Healthcare (HCA) reported that recent hurricanes had and will have negative impacts on results, and shares slumped about 10% Friday afternoon.
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.