Tenet (THC) Up 5.8% Since Last Earnings Report: Can It Continue?
It has been about a month since the last earnings report for Tenet Healthcare (THC). Shares have added about 5.8% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading
up to its next earnings release, or is Tenet due for a pullback?
Before we dive into how investors and analysts have reacted as of
late, let's take a quick look at its most recent earnings report in
order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended downward during the past month.
VGM Scores
Currently, Tenet has a nice Growth Score of B, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Tenet has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
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