HCA Healthcare Inc

HCA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$117.00	Kplryc	Pkfjcsst

HCA Earnings: Improving Medical Utilization and Labor Trends Boost 2023 Outlook

Julie Utterback

Apr 21, 2023

Narrow-moat HCA Healthcare's better-than-anticipated first-quarter results benefited from improving medical utilization trends and easing labor cost pressures. These factors contributed to a meaningful increase in management's 2023 outlook. Considering these trends and cash flows generated since our last valuation change, we are increasing our fair value estimate by 9% to $260 per share.

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