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Tenet Healthcare Corp.

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Tenet Healthcare's stock has outperformed the industry in a year's time. Its strategic divestitures have helped to streamline its business by focusing on core operations while accretive acquisitions are significantly strengthening its top line. Moreover, the company’s recently adopted enterprise-wide cost-reduction program is likely to favor earnings going forward. The stock has seen the Zacks Consensus Estimate for 2019 earnings being revised 1.1% upward over the last 30 days. Nevertheless, its high level of uncollectible accounts has led to an increase in bad debt level. Its revenues have been declining over the last few quarters, mainly due to reduced admissions, inpatient and outpatient surgeries, emergency department visits and total outpatient visits. 


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