HCA Healthcare blows past earnings estimates as it books gain on sale of facilities, offers upbeat guidance

Dow Jones2021-10-22

HCA Healthcare Inc. $(HCA)$ blew past earnings estimates for the third quarter on Friday, and offered guidance that was above consensus as the coronavirus pandemic caused a surge in demand for hospital care.

The Nashville, Tenn.-based hospital operator said it had net income of $2.269 billion, or $7.00 per share, compared to $668 million, or $1.95 per diluted share, in the year -earlier period. Revenue rose to $15.276 billion from $13.311 billion. The FactSet consensus was for EPS of $4.06 on revenue of $14.476 billion.

"During the third quarter we experienced the most intense surge yet of the pandemic, and our colleagues and physicians delivered record levels of patient care to meet the demand caused by the Delta variant," CEO Sam Hazen said in a statement.

The results included a gain on sales of facilities of $1.047 billion, or $2.43 a share. Same-facility admissions rose 6.8% in the quarter from the year-earlier period, while same-facility emergency room visits jumped 31.2%. The company is now expecting full-year EPS to range from $17.20 to $17.80 and for revenue to range from $58.7 billion to $59.3 billion. The FactSet consensus is for EPS of $17.05 and $57.872 billion. Shares were up 1% premarket and have gained 58% in the year to date, while the S&P 500 has gained 21%.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

  • MBE
    2021-10-22
    MBE
    Interesting 
发表看法
1