NYSE$THC

Tenet Healthcare Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Tenet Healthcare withdrew its first quarter and full year financial outlook for 2020 due to the impact of the COVID-19 pandemic.

Tenet Healthcare withdrew its previously announced first quarter and full year financial outlook for 2020 due to the rapidly evolving environment and continued uncertainty related to the COVID-19 pandemic. As of March 31, 2020, Tenet's liquidity position included approximately $350 million of excess cash and cash equivalents and approximately $1.0 billion of borrowing availability under its senior secured revolving credit facility.

  • Tenet Healthcare withdrew its first quarter and full year financial outlook for 2020.
  • The withdrawal is due to the rapidly evolving environment and continued uncertainty related to the COVID-19 pandemic.
  • As of March 31, 2020, Tenet’s liquidity position included approximately $350 million of excess cash and cash equivalents.
  • Tenet had approximately $1.0 billion of borrowing availability under its senior secured revolving credit facility.

Headline financials

Total Revenue

$4.52B

Previous: $4.55B-0.6%
EPS (adj)

$0.89

Previous: -$0.11+909.1%
Capital Expenditures

-$182M

Previous: -$192M+5.2%
Free Cash Flow

-$23M

Previous: -$127M+81.9%
Net Income

$159M

Previous: $65M+144.6%
Operating Income

$327M

Previous: $371M-11.9%
Gross Profit

$4.52B

Previous: $4.55B-0.6%
Cash & Equivalents

$613M

Previous: $252M+143.3%
Total Assets

$23.8B

Previous: $23.2B+2.9%
Stock-Based Comp

$13M

Previous: $11M+18.2%

Revenue & EPS history

Tenet Healthcare · Revenue · Quarterly

$4.52B

Q1 2020-0.6%vs Q1 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Tenet Healthcare · $4.86B total across 2 segments · Q3 2023

  • Hospital Operations
    $3.92B+3.7%
  • Ambulatory Care
    $941M+16.7%

Forward guidance

Tenet Healthcare withdrew its previously announced first quarter and full year financial outlook for 2020 due to the rapidly evolving environment and continued uncertainty.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-1.0%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+3.0%

Avg return

30 days after

49%

33 / 68 earnings

Positive

+13.3%

Q3 2024

Best reaction

-31.1%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.7%+3.8%-2.8%
Q4 2025-0.7%+6.4%+29.3%
Q3 2025-5.3%-4.5%+0.6%
Q2 2025+0.3%+3.6%+12.2%
Q1 2025+0.2%-9.6%+7.4%
Q4 2024-9.1%-4.0%-11.6%
Q3 2024+13.3%+11.9%+1.8%
Q2 2024+8.0%+10.2%+18.6%
Q1 2024-0.7%-2.8%+6.8%
Q4 2023-0.0%+6.9%+14.0%
Q3 2023+1.1%+3.4%+26.8%
Q2 2023+3.3%+0.2%+5.4%
Q1 2023+1.5%+5.6%+27.3%
Q4 2022-3.2%+13.8%-3.3%
Q3 2022-31.1%-24.0%-17.2%
Q2 2022+7.8%+7.9%+7.9%
Q1 2022-0.3%-8.0%-16.6%
Q4 2021-5.3%+12.1%+23.0%
Q3 2021+9.3%+6.7%+20.2%
Q2 2021-0.7%+1.6%+3.0%
Q1 2021-3.7%-4.5%+11.5%
Q4 2020-5.1%-4.7%+6.3%
Q3 2020+0.9%+3.4%+12.9%
Q2 2020+0.6%+10.1%+10.6%
Q1 2020-8.6%+19.3%+34.4%
Q4 2019-14.5%-23.2%-47.4%
Q3 2019+8.6%+14.8%+30.4%
Q2 2019-3.8%-5.0%-7.9%
Q1 2019+3.2%+8.1%-24.1%
Q4 2018+11.5%+21.6%+16.5%
Q3 2018-9.3%-3.2%-8.7%
Q2 2018-15.6%-15.9%-17.4%
Q1 2018-4.4%+0.7%-1.3%
Q4 2017+7.7%+13.7%+23.6%
Q3 2017+7.7%+9.2%+4.6%
Q2 2017-14.8%-16.2%+2.3%
Q1 2017-4.1%-3.6%-13.8%
Q4 2016-12.2%-4.5%-18.5%
Q3 2016-5.6%-12.3%-24.8%
Q2 2016-9.9%-10.2%-21.9%
Q1 2016-0.1%
Q4 2015+5.4%
Q3 2015+9.2%
Q2 2015+2.1%
Q1 2015-3.2%
Q4 2014+1.0%
Q3 2014-5.3%
Q2 2014+4.8%
Q1 2014+1.7%
Q4 2013-6.3%
Q3 2013-6.8%
Q2 2013-7.0%
Q1 2013+0.9%
Q4 2012+3.5%
Q3 2012+5.4%
Q2 2012+11.8%
Q1 2012+1.1%
Q4 2011+0.0%
Q3 2011+4.9%
Q2 2011-4.6%
Q1 2010-6.3%
Q1 2011+1.6%
Q4 2008+3.0%
Q3 2009+0.0%
Q3 2010+0.0%
Q2 2009+0.7%
Q2 2010+0.7%
Q4 2009+0.7%

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