HCA - HCA Healthcare gains on earnings beat and guidance boost

marchmeena29/iStock via Getty Images HCA Healthcare (HCA) has added ~6.4% in the pre-market after the company upped its 2021 forecast ahead of Street estimates backed by better-than-expected Q2 2021 financials. The revenue jumped ~30.4% YoY to $14.4M, while net income attributable to HCA Healthcare rose ~34.4% YoY to $1.5M. However, in Q2 2020, the company recognized $822M ($590M post-tax) in government stimulus income in connection with funds received from the provider relief fund established by the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. During the quarter, same facility admissions gained 17.5% YoY, and same facility equivalent admissions rose 26.8% YoY. Same facility emergency room visits and Same facility inpatient surgeries have increased ~40.5% YoY and ~15.0% YoY, respectively. “The second quarter of 2021 volume statistics show strong recoveries from the pandemic-related restrictions and policies that negatively affected patient volumes during the second quarter of 2020,” HCA, considered as the industry bellwether

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HCA Healthcare gains on earnings beat and guidance boost