Community Health Systems (CYH) to Release Quarterly Earnings on Wednesday

Community Health Systems (NYSE:CYH) is scheduled to release its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Community Health Systems to post earnings of ($0.16) per share for the quarter. Community Health Systems has set its FY 2024 guidance at -0.450–0.300 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Wednesday, July 24th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.10 billion. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted ($0.22) EPS. On average, analysts expect Community Health Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Community Health Systems Price Performance

Shares of NYSE:CYH opened at $5.64 on Wednesday. Community Health Systems has a 1 year low of $2.01 and a 1 year high of $6.29. The company has a market capitalization of $783.07 million, a P/E ratio of -5.93 and a beta of 1.55. The business’s 50 day simple moving average is $5.45 and its 200 day simple moving average is $4.24.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CYH. Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 price objective on shares of Community Health Systems in a research note on Monday, August 12th. UBS Group increased their price target on shares of Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Oppenheimer raised their price objective on Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Truist Financial raised their price objective on Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a report on Monday, July 15th. Finally, Wells Fargo & Company raised their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $4.73.

Community Health Systems Company Profile

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.