HCA Healthcare’s Q2 Earnings Report Suggests The Company Has Had a Weak Quarter

    Author Caroline HarrisPosted on Categories Healthcare, HealthTags , , , , , , , , , , , , , , , , , , , , , , , , ,
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    Are you looking to invest in healthcare? If so, it’s important for you to know that HCA Healthcare Inc. (NYSE:$HCA), an American operator of healthcare facilities, has had a weak quarter. On Tuesday, in a pre-market trade, the Nashville-based company’s share fell as much as 7%. Why? Well, the drop occurred after the company reported Q2 profit and revenue misses.

    So, why do people think HCA has had a weak quarter? First of all, earnings for the latest quarter fell to $657 million ($1.75 per share) from $658 million ($1.65 per share) in the 2016 period. The FactSet Earnings per share consensus is $1.80.

    In addition, the Q2 report showed that revenue increased to $10.73 billion from $10.32 billion, in comparison with the FactSet consensus of $10.76 billion. The report includes a 1 cent per share in gains on sales of facilities and 2 cents per share in legal claim costs, the company said.

    Last but not least, in the report, HCA maintained its 2017 revenue outlook of $43 million to $44 million. However, the company did cut its 2017 EPS outlook to land between the range of $7 and $7.30 from between $7.20 and $7.60.

    Over the last three months, HCA shares have increased 1.8%, compared with a 3.4% increase in the S&P 500.

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    Author Caroline Harris
    About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.