HCA Holdings, (NYSE:HCA) topped earnings-per-share estimates 75% of the time

HCA Holdings, Inc. (NYSE:HCA) is projected to declare fiscal first quarter financial results right before the stock market’s official open on May 04, 2017. The stock added about 8.1 percent in price since last results when it was at $79.29 a share. Based on the most relevant past-periods data, there is an 52.17 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 12 times out of last 23 reported quarters. It has beaten earnings-per-share estimates 75% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 1 time.

Here’s how traders responded to HCA earnings announcements over the past few quarters.

HCA Holdings, Inc. (HCA) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 10.16 percent over the past four quarters. Back on January 31, 2017, it posted earnings per-share earnings at $1.89 which beat the consensus $1.78 projection (positive surprise of6.18%. For the quarter, revenue came in at 10.64B versus consensus estimate of 10.66B. The stock gained 1.25 percent the session following the earnings reports were released, and on 7th day price change was 4.26 percent.

On October 27, 2016, it reported earnings at $1.61 a share compared with the consensus estimate of $1.43 per share (positive surprise of 12.59%). Revenue of 10.27B for that quarter was below the $10.41B analysts had expected. The stock climbed 0.48% the day following the earnings announcement, and on 7th day price change was -4.85%.

On July 28, 2016, it recorded $1.66 a share in earnings which topped the consensus estimate of $1.55 (positive surprise of 7.1%). Revenue for the quarter was $10.32B while analysts called for revenues to be $10.49B. The stock dropped -0.13% the day following the earnings data was made public, and on 7th day price change was -2.91%.

On May 3, 2016, it announced earnings per share at $1.71 versus the consensus estimate of $1.49 per share (positive surprise of 14.77%). That came on revenues of $10.26B for that period. Analysts had expected $10.25B in revenue.

HCA Holdings, Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $1.8. The analysts’ present consensus range is $1.7-$1.97 for EPS. The market consensus range for revenue is between $10.53B and $11.64B, with an average of $10.82B.

HCA Holdings, Inc. (NYSE:HCA) last ended at $84.99, sending the company’s market cap near $31.46B. The consensus 12-month price target from analysts covering the stock is $92.45. The share price has declined -4.1% from its top level in 52 weeks and dropped 14.82% this year. It recently traded in a range of $84.16-$85.98 at a volume of 2505892 shares. The recent trading ended with the price nearly -3.18 lower for the last 5 trading days, rebounding 26.85% from its 52-week low.