Yahoo Finance Why HCA Healthcare (HCA) is a Top Stock for the Long-Term
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 take a deep dive into a great stock that could be just the right addition to your portfolio.
Why You Should Pay Attention to HCA Healthcare (HCA)
Effective May 8, 2017, the company’s name was changed to HCA Healthcare, Inc. from HCA Holdings, Inc. It is the largest non-governmental operator of acute care hospitals in the U.S. Headquartered in Nashville, TN, it operates hospitals and related health care entities.
Since being added to the Zacks Focus List on January 7, 2019 at $123.39 per share, shares of HCA have increased 124.91% to $277.52.
For fiscal 2023, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.96 to $18.09. HCA boasts an average earnings surprise of 9%.
Moreover, analysts are expecting HCA Healthcare's earnings to grow 7.1% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like HCA, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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HCA Healthcare, Inc. (HCA) : Free Stock Analysis Report
