Have you been eager to see how HCA Healthcare, Inc.HCA performed in Q2 in comparison with the market expectations?
Let's quickly scan through the key facts from this leading hospital company's earnings release this morning.
Earnings Beat Estimates
HCA Healthcare came out with adjusted earnings per share of $2.31, beating the Zacks Consensus Estimate of $2.14. Earnings shot up nearly 32% year over year.
How Was the Estimate Revision Trend?
You should note that the earnings estimate for HCA Healthcare depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged at $2.14 per share over the last 7 days.
HCA Healthcare, Inc. Price and EPS Surprise
Revenue Beat Estimates
HCA Healthcare posted revenues of $11.5 billion, beating Zacks Consensus Estimate of $11.3 billion. The reported figure was up from 7.4% from the year-ago quarter.
Key Stats to Note
Adjusted EBITDA totaled $ $2.2 billion, up 6.6% year over year.
Same facility equivalent admissions increased 2.8% year over year, while same facility admissions increased 2.7%. Same facility revenue per equivalent admission increased 3.6%.
Expenses increased nearly 8% year over year to $9.3 billion.
As of June 30, 2018, HCA operated 178 hospitals and approximately 1,800 sites of care including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics.
The company bought back 4.67 million shares for $470 million.
The expects 2018 revenues in the range of $4.55 billion-$46.5 billion, adjusted EBIDTA of $8.65-$8.85 billion, EPS of $9.00-$9.40 and capital expenditures of about $3.5 billion.
What Zacks Rank Says
HCA Healthcare carries a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
Check back later for our full write up on this HCA Healthcare earnings report!
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