**Tenet Healthcare’s Stock Performance and Earnings Forecast**
Tenet Healthcare Corporation (THC) has seen its shares decline by 3% over the past month, compared to a 2.1% increase in the S&P 500. The Zacks Medical-Hospital industry, which includes Tenet, has also experienced a loss of 3.5% in the same timeframe. Currently, Tenet is expected to report earnings of $1.84 per share for the current quarter, marking a year-over-year increase of 27.8%. This estimate has seen a 2.6% rise over the last 30 days.
For the fiscal year, the consensus earnings estimate is $8.70 per share, reflecting a 24.6% increase compared to last year. The revenue forecast for the current quarter stands at $4.98 billion, indicating a year-over-year decrease of 2%. Recently, Tenet reported revenues of $5.37 billion, surpassing the Zacks Consensus Estimate by 4.42% and demonstrating a strong EPS surprise of 122.07%. The company holds a Zacks Rank #2 (Buy), suggesting potential outperformance in the near term.
