HCA Healthcare Inc

HCA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$821.00	Sxvjv	Wxhlmfw

HCA Turns In Weak Q1 and Reduces 2022 Outlook Primarily on Labor Challenges; Shares Fairly Valued

Julie Utterback

Apr 22, 2022

Narrow-moat HCA Healthcare turned in weaker-than-expected first-quarter results as labor cost inflation put pressure on the bottom line, and management has lowered its guidance for 2022 after only one quarter. However, considering cash flows generated since our last valuation update, we are not changing our $239 fair value estimate. Even with a midteens percentage drop after today's announcement, the shares still look about fairly valued.

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