Hospital operator HCA Healthcare (NYSE: HCA) will be announcing earnings results this Friday morning. Here’s what to expect.
HCA Healthcare met analysts’ revenue expectations last quarter, reporting revenues of $19.11 billion, up 4.3% year on year. It was a mixed quarter for the company, with EPS in line with analysts’ estimates.
Is HCA Healthcare a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting HCA Healthcare’s revenue to grow 6.2% year on year, in line with the 6.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. HCA Healthcare has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at HCA Healthcare’s peers in the healthcare providers & services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. UnitedHealth posted flat year-on-year revenue, beating analysts’ expectations by 1.2%, and Elevance Health reported flat revenue, topping estimates by 2.5%. UnitedHealth traded up 1.8% following the results while Elevance Health was down 12.6%.
Read our full analysis of UnitedHealth’s results here and Elevance Health’s results here.
There has been positive sentiment among investors in the healthcare providers & services segment, with share prices up 7.9% on average over the last month. HCA Healthcare is down 3.5% during the same time and is heading into earnings with an average analyst price target of $467.60 (compared to the current share price of $373.42).
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