HCA Healthcare HCA reported its Q1 earnings results on Friday, April 21, 2023 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
HCA Healthcare beat estimated earnings by 25.45%, reporting an EPS of $4.93 versus an estimate of $3.93.
Revenue was up $646.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.14 which was followed by a 0.03% drop in the share price the next day.
Here's a look at HCA Healthcare's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 4.78 | 3.88 | 3.70 | 4.25 |
| EPS Actual | 4.64 | 3.93 | 4.21 | 4.12 |
| Revenue Estimate | 15.61B | 15.00B | 14.72B | 14.74B |
| Revenue Actual | 15.50B | 14.97B | 14.82B | 14.95B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
HCA Healthcare management provided guidance for FY 2023, expecting earnings between $17.25 and $18.55 per share.
To track all earnings releases for HCA Healthcare visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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