NEW YORK (TheStreet) -- Shares of Tenet Healthcare (THC) were gaining 1.2% to $50.10 in after-hours trading on Monday after the hospital operator beat analysts' estimates for earnings in the first quarter.
Tenet Healthcare reported earnings of 67 cents a share for the first quarter, above analysts' estimates of 32 cents a share for the quarter. Revenue grew 12.7% year over year to $4.43 billion for the quarter, above analysts' estimates of $4.32 billion.
The company expects to report earnings of 15 cents to 64 cents a share for the second quarter, compared to analysts' estimates of 37 cents a share for the quarter.
Looking to full year 2015, Tenet healthcare expects earnings of $1.32 to $2.40 a share and revenue of $17.4 billion to $17.7 billion. Analysts expect earnings of $1.98 a share and revenue of $17.64 billion for the year.
TheStreet Ratings team rates TENET HEALTHCARE CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TENET HEALTHCARE CORP (THC) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
You can view the full analysis from the report here: THC Ratings Report