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HCA (HCA) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2024, HCA Healthcare (HCA - Free Report) reported revenue of $17.49 billion, up 7.9% over the same period last year. EPS came in at $5.05, compared to $3.91 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $17.49 billion, representing a surprise of -0.04%. The company delivered an EPS surprise of +1.61%, with the consensus EPS estimate being $4.97.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how HCA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue per Equivalent Admission: $17,381 compared to the $17,443.14 average estimate based on four analysts.
Equivalent Admissions: 1.01 billion compared to the 998.83 million average estimate based on four analysts.
Equivalent Patient Days: 4.82 million compared to the 4.83 million average estimate based on three analysts.
Number of hospitals: 187 versus 188 estimated by two analysts on average.
Licensed Beds at End of Period: 49,890 versus the two-analyst average estimate of 49,579.
Average Length of Stay: 5 versus 5 estimated by two analysts on average.
Number of freestanding outpatient surgery centers: 125 compared to the 123 average estimate based on two analysts.
Patient Days: 2,690.72 Days versus 2,695.25 Days estimated by two analysts on average.
Admissions: 562.1 million versus 562.52 million estimated by two analysts on average.
Shares of HCA have returned -1.2% over the past month versus the Zacks S&P 500 composite's +1.4% 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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HCA (HCA) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2024, HCA Healthcare (HCA - Free Report) reported revenue of $17.49 billion, up 7.9% over the same period last year. EPS came in at $5.05, compared to $3.91 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $17.49 billion, representing a surprise of -0.04%. The company delivered an EPS surprise of +1.61%, with the consensus EPS estimate being $4.97.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how HCA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue per Equivalent Admission: $17,381 compared to the $17,443.14 average estimate based on four analysts.
- Equivalent Admissions: 1.01 billion compared to the 998.83 million average estimate based on four analysts.
- Equivalent Patient Days: 4.82 million compared to the 4.83 million average estimate based on three analysts.
- Number of hospitals: 187 versus 188 estimated by two analysts on average.
- Licensed Beds at End of Period: 49,890 versus the two-analyst average estimate of 49,579.
- Average Length of Stay: 5 versus 5 estimated by two analysts on average.
- Number of freestanding outpatient surgery centers: 125 compared to the 123 average estimate based on two analysts.
- Patient Days: 2,690.72 Days versus 2,695.25 Days estimated by two analysts on average.
- Admissions: 562.1 million versus 562.52 million estimated by two analysts on average.
View all Key Company Metrics for HCA here>>>Shares of HCA have returned -1.2% over the past month versus the Zacks S&P 500 composite's +1.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.