Tenet Healthcare (THC) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $6.64
- Estimate
- $4.68
- Surprise
- +42.0%
- Revenue (period 2026-09-30)
- $5.63B
- Score at report (before → after)
- 6.2 → 6.2/10
Revenue source: xbrl.
How the report landed
Tenet Healthcare (THC) beat the $4.68 estimate with adjusted EPS of $6.64 — a large 42.0% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.2/10) to Hold at 6.2/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates THC Hold at 6.1/10.
4 of the last 4 quarters beat the estimate; this quarter's +42.0% surprise compares with a +29.2% four-quarter average.
What supports the rating
- Sector modifier (Healthcare): +0.5
- Strong earnings beat streak (4/4)
What argues against it
- Concentration risk — Customer: managed care payers (70.0%)
- Concentration risk — Customer: top 10 managed care payers (69.0%)
- Analyst target reached - limited upside remaining
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $270.57
- Stop
- $252.91
Forward estimates sit below the trailing run-rate (12.8× forward vs 10.5× trailing) — consensus expects earnings to decline from here.
Risk check: trading volume is running 2.2× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-30 — shown for context, not personalized investment advice.
THC at TrendMatrix's latest read
Healthcare earnings trade on pipeline and payer dynamics as much as the quarter itself; a beat or miss is weighed against trial and reimbursement news.
- Industry
- Medical Care Facilities
- Market cap
- $21.79B
- P/E (fwd)
- 12.8
- P/E (ttm)
- 10.5
- 52-week range
- $157.58–$283.05
- Off 52-week high
- 4.4%
- RSI (14)
- 56
- Volume vs avg
- 2.19×
- Score today
- 6.1/10