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HCA Healthcare (HCA) Q1 Earnings and Revenue Beat Estimates

Zacks Equity Research

Have you been eager to see how HCA Healthcare, Inc. HCA ) performed in Q1 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 $2.97 per share, surpassing the Zacks Consensus Estimate by 28.6%. Earnings shot up nearly 27.5% year over year.

HCA Healthcare, Inc. Price and EPS Surprise

HCA Healthcare, Inc. Price and EPS Surprise | HCA Healthcare, Inc. Quote

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 $10.01 per share over the last 7 days.

Revenue Beat Estimates

HCA Healthcare generated revenues of $12.5 billion, beating the Zacks Consensus Estimate by 1.7%. The top line was also up 9.6% from the year-ago period.

Key Stats to Note

Adjusted EBITDA totaled $2.5 billion, up 20% year over year.

Same facility admissions and equivalent admissions were up by 0.9% and 1.8%, respectively in the quarter under review. Same facility revenue per equivalent admission grew 4.4%.

Expenses escalated nearly 7.2% year over year to $9.9 billion.

As of Mar 31, 2019, HCA Healthcare operated 185 hospitals and around 2000 sites of care including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics.

The company bought back shares worth $278 million.

Guidance for 2019

Revenues of the company are now expected to range from $50.5 to $51.5 billion.

Adjusted EBITDA of the company is projected to be between $9.45 and $9.85 billion, up from previous guidance of $9.35 billion and $9.75 billion.

EPS is assumed to be $9.80 to $10.40 per diluted share, higher than earlier projection of $9.60 and $10.20 per share.

What Zacks Rank Says

HCA Healthcare carries a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on this HCA Healthcare earnings report!

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