Tenet's 2015 financial outlook falls below expectations

Dallas-based Tenet Healthcare has provided its profit outlook for 2015, which falls below analyst expectations, according to a MarketWatch report.

Tenet expects adjusted earnings per share of $1.32 to $2.40 for 2015. That range falls below the average analyst estimate of $2.69, according to the report. 

Analysts project Tenet will have $17.41 billion in revenue in the current calendar year, which is in line with Tenet's expectation of its net revenues being between $17.4 billion and $17.7 billion. 

Tenet also provided a preview of its operating results for the fourth quarter of 2014. The hospital operator reported same-hospital adjusted admissions growth of 4.8 percent and inpatient admission growth of 4 percent compared to the fourth quarter of 2013. Additionally, Tenet reported outpatient visits increased by an estimated 9.5 percent.

"I am pleased with Tenet's strong volume growth in the fourth quarter," said Trevor Fetter, president and CEO of Tenet.

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