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HCA Healthcare Inc. HCA reported better-than-expected earnings for its fourth quarter on Friday.
HCA released Q4 and Full-Year FY24 earnings on Friday, January 24th beating consensus for both EPS and Revenue. Along with a strong core business, industry tailwinds are accelerating, driving greater revenue potential and mitigating cost-growth. At a DCF-generated price target of $437, 41% upside from today's pricing, I raise my rating from buy to strong buy.
HCA's Q4 results benefit from improved equivalent admissions and inpatient surgeries, partly offset by the impact of hurricanes and higher salaries and benefits expenses.
HCA Healthcare, Inc. (NYSE:HCA ) Q4 2024 Earnings Conference Call January 24, 2025 10:00 AM ET Company Participants Frank Morgan - Vice President of Investor Relations Sam Hazen - Chief Executive Officer Mike Marks - Chief Financial Officer Conference Call Participants Pito Chickering - Deutsche Bank A.J. Rice - UBS Whit Mayo - Leerink Partners Ben Hendrix - RBC Capital Markets Ann Hynes - Mizuho Securities Andrew Mok - Barclays Joanna Gajuk - Bank of America Matthew Gillmor - KeyBanc Meghan Holtz - Jefferies Scott Fidel - Stephens Sarah James - Cantor Fitzgerald Jamie Perse - Goldman Sachs Ryan Langston - TD Cowen Steve Baxter - Wells Fargo Joshua Raskin - Nephron Research Lance Wilkes - Bernstein Ben Rossi - JPMorgan Operator Thank you for standing by.
HCA Healthcare (HCA -4.08%), an operator of healthcare facilities, released its fourth-quarter earnings for the year 2024 on January 24. In the report, it revealed a revenue total of $18.285 billion, surpassing analyst estimates of $18.234 billion.