Published on 30 May 2024 on Zacks via Yahoo Finance
Tenet Healthcare Corporation (THC) Soars to 52-Week High, Time to Cash Out?
Have you been paying attention to shares of Tenet Healthcare (THC)? Shares have been on the move with the stock up 13.5% over the past month. The stock hit a new 52-week high of $134.89 in the previous session. Tenet Healthcare has gained 74.1% since the start of the year compared to the 2.5% move for the Zacks Medical sector and the 20.8% return for the Zacks Medical - Hospital industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 30, 2024, Tenet reported EPS of $3.22 versus consensus estimate of $1.45.