Tenet Healthcare Corp (NYSE:THC) shares traded on 2.44% above secure line and closed at $18.03. The stock exchanged hands 2.54 Million shares versus average trading capacity of 2.69 Million shares. It has a market cap of $1.82 Billion.

Wall Street analysts are predicting that Tenet Healthcare Corp (NYSE:THC) will report earnings per share of $1.25 in their quarterly report. For the current quarter Tenet Healthcare Corp (NYSE:THC) has high EPS estimates of $1.36 in contradiction of low EPS estimates of $1.05. However a year ago for the same quarter the company has reported $0.06 EPS. Average estimation for the current quarter has been provided by 16 analysts.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Hence, it’s not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.

A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Previously Tenet Healthcare Corp (NYSE:THC) reported $-0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.38 by $0.21 with surprise factor of 55.3%.

Tenet Healthcare Corp (NYSE:THC) has average revenue estimates of $4.87 Billion, compared to low analyst estimates of $4.72 Billion and high estimates of $5.03 Billion for the current quarter. A total number of 14 analysts provided estimations over revenues. For the current year the company’s revenue estimates are $19.05 Billion compared to low analyst estimates of $18.93 Billion and high estimates of $19.23 Billion according to the prediction of 15 analysts.

Taking a broader look at the analyst consensus, according to 15 analysts Tenet Healthcare Corp (NYSE:THC)’s price will reach at $18.4 during 52 weeks. Its minimum price target estimates has been figured out at $14 while the maximum price target forecast is established at $27.

On the other hand Tenet Healthcare Corp (NYSE:THC) has Relative Strength Index (RSI 14) of 56.57 along with Average True Range (ATR 14) of 0.84. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder.

Consequently Tenet Healthcare Corp (NYSE:THC)’s weekly and monthly volatility is 6.44%, 4.71% respectively.