Tenet Healthcare shares have risen 2.6% year-to-date, outperforming the industry's 5.5% decline, as the company benefits from expanding adjusted admissions and strong Ambulatory Care segment performance. The Zacks Consensus Estimate for current-year earnings is $17.61 per share, reflecting 5% year-over-year growth, with two upward revisions in the past 60 days and an average earnings surprise of 20.6% over the last four quarters. Revenue is projected at $22.02 billion, a 3.3% increase, supported by higher patient revenue per adjusted admission and a shift toward higher-acuity services. The Ambulatory Care segment, which included interests in 541 ambulatory surgery centers and 26 surgical hospitals as of March 31, 2026, saw net operating revenues rise 10.6% year over year in the first quarter of 2026, following gains of 14.1% in 2025 and 17.3% in 2024. However, operating expenses increased 4.6% year over year in the first quarter of 2026 after a 20.6% jump in 2025, driven by labor costs, medical supply inflation, and higher patient acuity, which may pressure margins.
Tenet Healthcare CorporationStrong Ambulatory Care segment growth with rising net operating revenues and expanding adjusted admissions
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