Yahoo Finance Earnings Growth & Price Strength Make HCA Healthcare (HCA) a Stock to Watch
If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to HCA Healthcare (HCA)
HCA Healthcare is the largest non-governmental operator of acute care hospitals in the United States. Headquartered in Nashville, TN, it operates hospitals and related health care entities. At the end of 2023, the company operated 186 hospitals and approximately 2,400 ambulatory sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics, in 20 states and the United Kingdom.
HCA was added to the Zacks Focus List on January 7, 2019 at $123.39 per share. Since then, shares have increased 174.23% to $338.37.
Eight analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.34 to $20.92. HCA also boasts an average earnings surprise of 5.6%.
Additionally, HCA Healthcare's earnings are expected to grow 10.1% for the current fiscal year.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like HCA offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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HCA Healthcare, Inc. (HCA) : Free Stock Analysis Report
