How often does HCA Healthcare move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

HCANYSEServices-General Medical & Surgical Hospitals, NEC

HCA Healthcare, Inc. (HCA) earnings date, market-implied expected move, and options open interest by expiry

463.80

−3.93 · −0.84%

post 463.80 0.00%

Closed16:00 ET

Open466.51Volume986,283Mkt cap$96.7BP/E15.19EPS30.53Div yield0.66%

Day463.80 – 469.540%52-wk353.34 – 553.5655%

HCA

HCA Healthcare, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Jan 26

before open · in 84 days

est.Q4 FY26

Calendar

Next report

Last report

−3.29%

vs ±8.1% implied · ×0.41

shaded = implied · ▲▼ = realized

Oct 27 '26 · confirmed

Implied vs realized

Linked news

3hCHCT · supplierCommunity Healthcare Trust posts net income $3,068 thousand for three months; $7,980 thousand nine months
3hDOC · supplierHealthpeak posts Q3 net income of $36,687 thousand; nine-month net income $299,584 thousand
1dDHC · supplierDiversified Healthcare Trust posts net loss $50,229 Q3; $130,923 nine months

News

Largest filed tie

13F top-10 QoQ

+1.37%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

1,343 managers

Top fund weight

1.05%

HCA weight · XLV

N-PORTJun 30 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

HCA Healthcare (HCA) is expected to report on Jan 26 before open (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±7.1%
avg realized: ±4.4%

Apr 25 '25Apr 25 '25confirmed±7.5%▼−3.95%×0.52

Jul 25 '25Jul 25 '25confirmed±8.1%▼−2.10%×0.26

Oct 24 '25Oct 24 '25confirmed±6.2%▲+1.56%×0.25

Jan 27 '26Jan 27 '26confirmed±6.8%▲+7.08%×1.04

Q1 FY26Apr 24 '26confirmed±6.9%▼−8.77%×1.27

Q2 FY26Jul 14 '26confirmed±5.1%▼−6.95%×1.37

Jul 24 '26Jul 24 '26confirmed±8.3%▲+1.51%×0.18

Q3 FY26Oct 27 '26confirmed±8.1%▼−3.29%×0.41

quarterimplied−10%0+10%realized×

Q3 FY26±8.1%▼−3.29%×0.41

Jul '26±8.3%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 26 close

0.40OI · 4 expiries · Oct 26 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

6,758+9%Nov 2017d1.993,402+2%1.99

2,775+5%Dec 1845d0.733,794+1%0.73

3,4940%Jan 1573d0.724,844+1%0.72

report · Jan 26 · before open · est.

329+1%Mar 19136d821+1%

ExpiryPutsCallsP/C

Nov 2017d6,758+9%3,402+2%1.99

Dec 1845d2,775+5%3,794+1%0.73

Jan 1573d3,4940%4,844+1%0.72

report · Jan 26 · before open · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

9.32%as filednet margin · revenue −1.88% QoQ · +3.59% YoY

Revenue

$19.8B−1.88% QoQ

Gross profit

$11.3B−5.63% QoQ

56.77% margin

Operating income

$3.0B−3.90% QoQ

14.90% margin

Pre-tax income

$2.4B−4.97% QoQ

Net income

$1.8B−4.20% QoQ

9.32% margin

Cost of revenue

$8.6B+3.51% QoQ

Operating expenses

$8.3B−6.23% QoQ

SG&A $7.4B

Depreciation $954M

Other expense

$587M

Tax

$521M−7.62% QoQ

Revenue$19.8B−1.88%

Gross profit

$11.3B−5.63%

56.77% margin

Operating income

$3.0B−3.90%

14.90% margin

Pre-tax income

$2.4B−4.97%

Net income

$1.8B−4.20%

9.32% margin

Cost of revenue

$8.6B+3.51%

Operating expenses

$8.3B−6.23%

SG&A $7.4B

Depreciation $954M

Other expense

$587M

Tax$521M−7.62%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 16:00 ET

Intraday

Event sensitivity

NFP ×1.64· ±2.1% vs ±1.3% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±2.1%6 of 10×1.64

CPIconsumer prices±1.6%5 of 10×1.25

FOMCrate decision±1.4%13 of 24×1.14

PPIproducer prices±1.1%5 of 10×0.85

PCEpersonal income & outlays±1.0%7 of 19×0.77

GDPgross domestic product±1.0%12 of 19×0.77

CPROFcorporate profits±0.7%7 of 12×0.54

Bar = avg |move| to ±3% · tick = ±1.3% avg day · ×base = |move| ÷ ±1.3% · min 6 releases

Earnings history

EPS 7.27 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 27 '26 · confirmed	7.27	—
Q2 FY26	Jul 14 '26 · confirmed	7.62	—
Q1 FY26	Apr 24 '26 · confirmed	7.15	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod