Home News HCA Healthcare Reports Strong Q2 Earnings

HCA Healthcare Reports Strong Q2 Earnings

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HCA Healthcare Inc. (NYSE: HCA) announced impressive second-quarter earnings, surpassing market expectations and raising its full-year outlook. The healthcare services company experienced growth in facility admissions, emergency room visits, and surgeries.

Financial Performance

  • Net income increased to $1.19 billion, or $4.29 per share, compared to $1.16 billion, or $3.90 per share, in the previous year.
  • FactSet consensus for earnings per share was $4.25.
  • Revenue grew by 7.0% to $15.86 billion, exceeding the FactSet consensus of $15.63 billion.

Operational Highlights

On a same-facility basis:

  • Admissions increased by 2.2%.
  • Emergency room visits rose by 3.7%.
  • Inpatient surgeries grew by 1.8%.
  • Outpatient surgeries showed notable growth of 3.3%.

Raised Guidance for 2023

HCA Healthcare has updated its guidance for 2023 as follows:

  • EPS guidance increased from $17.25 to $18.25 to a range of $17.70 to $18.90.
  • Revenue guidance raised from $62.5 billion to $64.5 billion to a range of $63.25 billion to $64.75 billion.

Market Performance

Year-to-date, HCA Healthcare stock has demonstrated substantial growth of 17.6%. In comparison, the Health Care Select Sector SPDR exchange-traded fund (NYSEARCA: XLV) has slightly decreased by less than 0.1%, while the S&P 500 index (NYSEARCA: SPY) has surged by 18.9%.

HCA Healthcare Inc. continues to deliver solid financial results and expects sustained growth in the coming years.

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