Community Health Systems (CYH) Scheduled to Post Quarterly Earnings on Wednesday

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

Community Health Systems (NYSE:CYH) last announced 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 business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the firm posted ($0.22) earnings per share. The business’s quarterly revenue was up .8% on a year-over-year basis. 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 Stock Up 0.8 %

Shares of CYH stock opened at $5.64 on Wednesday. Community Health Systems has a 12-month low of $2.01 and a 12-month high of $6.29. The firm has a fifty day moving average of $5.45 and a 200-day moving average of $4.24. The company has a market capitalization of $783.07 million, a price-to-earnings ratio of -5.93 and a beta of 1.55.

Analyst Ratings Changes

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

About Community Health Systems

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.