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CYH — Community Health Systems News Story

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Hospital operator Community Health Systems Q3 adjusted core profit beats estimates

Overview

Community Health Systems Q3 revenue beats analyst expectations despite slight decline yr/yr

Adjusted EBITDA for Q3 beats analyst expectations, reflecting improved operational performance

Company completed refinancing, enhancing liquidity and strategic positioning

Outlook

Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

SAME-STORE REVENUE GROWTH - Same-store net operating revenues increased 6.0% due to higher reimbursement rates and favorable payor mix

INCOME TAX BENEFIT - $163 mln income tax benefit from federal legislation contributed to net income increase

NON-PATIENT REVENUE - Increased non-patient revenue from $28 mln legal settlement contributed to higher Adjusted EBITDA

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$3.08 bln$2.99 bln (6 Analysts)
Q3 Adjusted EBITDABeat$376 mln$312.13 mln (7 Analysts)
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell" The average consensus recommendation for the healthcare facilities & services peer group is "buy." Wall Street's median 12-month price target for Community Health Systems Inc is $3.23, about 2.3% below its October 21 closing price of $3.15 Press Release: ID:nBwNb786a For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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