HCA (HCA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HCA Healthcare shares have been volatile, initially rallying on margin improvements but falling due to hurricane-impacted results and concerns about government spending cuts. Despite recent setbacks, HCA's underlying business remains strong with EPS expected to be at least $21.60, supported by solid revenue growth and improved margins. Labor costs have stabilized, and HCA has effectively managed contract labor expenses, contributing to margin recovery, though future margin improvements may slow.
HCA's strong cash-generating abilities are expected to improve its financial position.
The plight of medical providers collecting timely reimbursements from health insurers is a struggle that has been getting tougher by the year. Health insurance claim denials have come under scrutiny in light of recent events.
HCA Healthcare, Tenet Healthcare, Universal Health, Acadia Healthcare and Community Health Systems have been highlighted in this Industry Outlook article.
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.