Tenet Healthcare (THC Quick QuoteTHC - Free Report) reported $5.63 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 6.5%. EPS of $6.64 for the same period compares to $3.70 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $5.47 billion, representing a surprise of +2.87%. The company delivered an EPS surprise of +44.35%, with the consensus EPS estimate being $4.60.

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 Tenet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Ambulatory Care- Net revenue per case: 6.1% compared to the 5.1% average estimate based on three analysts.
• Ambulatory Care- Cases: -1.5% compared to the -0.7% average estimate based on three analysts.
• Adjusted patient admissions - Same-hospital: 222.2 thousand versus 216.15 thousand estimated by two analysts on average.
• Net patient service revenue per adjusted patient admission - Same Hospital: $16,071.00 versus the two-analyst average estimate of $16,424.59.
• Adjusted admissions: 223.64 thousand versus 213.91 thousand estimated by two analysts on average.
• Net Operating revenues: $5.63 billion versus $5.47 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.5% change.
• Net Operating revenues- Ambulatory Care: $1.37 billion versus $1.38 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change.
• Net Operating revenues- Hospital Operations and Services: $4.26 billion compared to the $4.09 billion average estimate based on four analysts. The reported number represents a change of +6.1% year over year.
• Hospital Operations- Net patient service revenues from hospitals and related outpatient facilities: $3.59 billion versus $3.48 billion estimated by two analysts on average.
• Adjusted EBITDA- Hospital Operations and Services: $818 million versus $629.45 million estimated by three analysts on average.
• Equity in earnings of unconsolidated affiliates- Ambulatory Care: $64 million versus $67.91 million estimated by three analysts on average.
• Adjusted EBITDA- Ambulatory Care: $537 million versus $537.76 million estimated by three analysts on average.

View all Key Company Metrics for Tenet here>>>

Shares of Tenet have returned +5.1% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.