Hospital Chain Stocks Fall 14.8% After Mixed Q1 Earnings

Earnings

โดย StockStory·Read original

Summary · why it matters

Hospital chain stocks tracked by StockStory have fallen an average of 14.8% since reporting mixed first-quarter results. The group of four companies beat revenue estimates by 0.7% but issued next-quarter revenue guidance 2.7% below consensus. HCA Healthcare reported revenue of $19.11 billion, up 4.3% year-on-year and in line with estimates, while its stock dropped 20.6%. Universal Health Services posted the strongest quarter with revenue of $4.50 billion, beating estimates by 2.4%, yet its shares fell 21.5%. Acadia Healthcare and Tenet Healthcare also saw post-earnings declines of 12% and 4.9%, respectively.

Acadia Healthcare Company Inc ▼

HCA Healthcare, Inc. ▼

Tenet Healthcare Corporation ▼

Universal Health Services Inc ▼

Impact on stocks 4

Health Care▼ · 3 stocks

Acadia Healthcare Company Inc

▼ NegativeCapitalrelevance

Acadia Healthcare's stock fell 12% after reporting mixed Q1 earnings with below-consensus guidance.

Tenet Healthcare Corporation

▼ NegativeCapitalrelevance

Tenet Healthcare's stock fell 4.9% after reporting mixed Q1 results with below-consensus guidance.

Universal Health Services Inc

▼ NegativeCapitalrelevance

Universal Health Services shares fell 21.5% despite beating revenue estimates, due to weak guidance.

Aging Population▼ · 1 stocks

HCA Healthcare, Inc.

▼ NegativeCapitalrelevance

HCA Healthcare's stock dropped 20.6% after reporting revenue in line with estimates but issuing weak guidance.