Community Health Systems Inc reports results for the quarter ended in June - Earnings Summary

Community Health Systems

24/07/2024 23:41

* Community Health Systems Inc  CYH.N  reported a quarterly
adjusted loss of 17 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -22 cents.  The mean expectation of
nine analysts for the quarter was for a loss of 12 cents per
share. Wall Street expected results to range from -15 cents
to -7 cents per share.
    * Revenue rose 0.8% to $3.14 billion from a year ago;
analysts
expected $3.08 billion. 
    * Community Health Systems Inc's reported EPS for the
quarter was
a loss of 10 cents​.
    * The company reported a quarterly loss of $13 million.
    * Community Health Systems Inc shares had risen by 20.5%
this
quarter and gained 29.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "buy"

Wall Street's median 12-month price target for Community Health
Systems Inc is $4.25 
This summary was machine generated from LSEG data July 24 at
10:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       -0.12          -0.17          Missed
 Mar. 31 2024      -0.16          -0.14          Beat
 Dec. 31 2023      0.06           -0.41          Missed
 Sep. 30 2023      -0.18          -0.33          Missed