5 Stocks Catching Investors’ Eyes After Earnings Reports

2. HCA Healthcare, Inc. (NYSE:HCA)

Number of Hedge Fund Holders: 66

HCA Healthcare, Inc. (NYSE:HCA) recently announced weak first-quarter earnings, besides lowering its outlook for the full year. As a result, HCA stock plummeted over 21 percent on Friday, April 22, 2022.

The healthcare services provider reported earnings of $4.12 per share, missing expectations of $4.25 per share. On the positive side, HCA Healthcare, Inc. (NYSE:HCA) posted revenue of $14.94 billion, beating estimates of  $14.74 billion.

Follow Hca Healthcare Inc. (NYSE:HCA)

Looking forward, HCA Healthcare, Inc. (NYSE:HCA) now expects earnings in the range of $16.40 – $17.60 per share and revenue between $59.5 – $61.5 billion for fiscal 2022. Previously, it was looking for earnings in the range of $18.40 – $19.20 per share and revenue between $60 – $62 billion for the same period.

Discussing the results, CEO Sam Hazen said:

“In the first quarter, we had a number of positive volume and revenue indicators. Unfortunately, they were offset by higher than expected inflationary pressures on labor costs.”