HCA Healthcare (NYSE:HCA) First Quarter 2024 Results

Key Financial Results

• Revenue: US$17.3b (up 11% from 1Q 2023).
• Net income: US$1.59b (up 17% from 1Q 2023).
• Profit margin: 9.2% (up from 8.7% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$6.02 (up from US$4.92 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

HCA Healthcare Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with HCA Healthcare, and understanding these should be part of your investment process.

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