Loading...
Loading...
- HCA Healthcare Inc HCA has reported Q1 FY23 revenues of $15.59 billion, compared to $14.94 billion a year ago, missing the consensus of $15.27 billion.
- EPS of $4.93 was higher than the $4.12 reported a year ago, surpassing the estimate of $3.93.
- Same-facility admissions increased by 4.4% Y/Y, and equivalent admissions increased by 7.5%.
- HCA's inpatient surgery cases increased by 2.8%, and outpatient surgery cases climbed by 3.5%.
- COVID-19 represented 3.1% of same-facility admissions in the first quarter of 2023 versus 9.7% a year ago.
- Also Read: Hospital Facilities To Face Slower Earnings Growth In 2023, Analyst Says While Initiating Coverage On Two Large Stocks.
- HCA saw a moderation of its staffing costs, with salaries and benefits expenses accounting for 45.4% of its revenue versus 46.4% a year ago.
- For Q1 2023, Adjusted EBITDA totaled $3.172 billion, compared to $2.944 billion in the first quarter of 2022.
- Cash flows from operating activities totaled $1.8 billion.
- Outlook: For FY23, HCA Healthcare raised revenues guidance to $62.5-$64.5 billion from $61.5-63.5 billion compared to the consensus Of $62.61 billion.
- The company forecasts EPS Of $17.25-$18.55, up from $16.40-$17.60 versus the consensus of $17.25.
- Price Action: HCA shares are up 5.31% at $285.15 during the premarket session on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in