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Compared to Estimates, HCA (HCA) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2023, HCA Healthcare (HCA - Free Report) reported revenue of $15.86 billion, up 7% over the same period last year. EPS came in at $4.29, compared to $4.21 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $15.57 billion, representing a surprise of +1.84%. The company delivered an EPS surprise of +0.23%, with the consensus EPS estimate being $4.28.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how HCA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Equivalent Admissions: 938.83 million compared to the 923.41 million average estimate based on four analysts.
Revenue per Equivalent Admission: $16,894 compared to the $16,778.50 average estimate based on four analysts.
Number of hospitals: 182 versus the three-analyst average estimate of 180.82.
Licensed Beds at End of Period: 49063 compared to the 49020.53 average estimate based on two analysts.
Admissions: 523 million versus the two-analyst average estimate of 521.18 million.
Same Facility - Equivalent Admissions: 928.24 thousand versus 914.62 thousand estimated by two analysts on average.
Number of freestanding outpatient surgery centers: 126 compared to the 126.21 average estimate based on two analysts.
Patient Days: 2558.56 Days compared to the 2559.49 Days average estimate based on two analysts.
Equivalent Patient Days: 4594.6 thousand versus 4531.68 thousand estimated by two analysts on average.
Same Facility - Revenue per Equivalent Admission: $16,780 versus $16,930.95 estimated by two analysts on average.
Shares of HCA have returned -5.8% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, HCA (HCA) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2023, HCA Healthcare (HCA - Free Report) reported revenue of $15.86 billion, up 7% over the same period last year. EPS came in at $4.29, compared to $4.21 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $15.57 billion, representing a surprise of +1.84%. The company delivered an EPS surprise of +0.23%, with the consensus EPS estimate being $4.28.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how HCA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Equivalent Admissions: 938.83 million compared to the 923.41 million average estimate based on four analysts.
- Revenue per Equivalent Admission: $16,894 compared to the $16,778.50 average estimate based on four analysts.
- Number of hospitals: 182 versus the three-analyst average estimate of 180.82.
- Licensed Beds at End of Period: 49063 compared to the 49020.53 average estimate based on two analysts.
- Admissions: 523 million versus the two-analyst average estimate of 521.18 million.
- Same Facility - Equivalent Admissions: 928.24 thousand versus 914.62 thousand estimated by two analysts on average.
- Number of freestanding outpatient surgery centers: 126 compared to the 126.21 average estimate based on two analysts.
- Patient Days: 2558.56 Days compared to the 2559.49 Days average estimate based on two analysts.
- Equivalent Patient Days: 4594.6 thousand versus 4531.68 thousand estimated by two analysts on average.
- Same Facility - Revenue per Equivalent Admission: $16,780 versus $16,930.95 estimated by two analysts on average.
View all Key Company Metrics for HCA here>>>Shares of HCA have returned -5.8% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.