Community Health Systems, Inc. Forecasted to Earn Q4 2024 Earnings of $0.08 Per Share (NYSE:CYH)

Community Health Systems, Inc. (NYSE:CYH) – Equities researchers at Zacks Research boosted their Q4 2024 earnings per share estimates for Community Health Systems in a report released on Thursday, August 1st. Zacks Research analyst K. Dey now anticipates that the company will earn $0.08 per share for the quarter, up from their prior forecast of $0.05. The consensus estimate for Community Health Systems’ current full-year earnings is ($0.41) per share. Zacks Research also issued estimates for Community Health Systems’ Q3 2025 earnings at $0.03 EPS.

Several other research firms have also recently commented on CYH. Wells Fargo & Company upped their price target on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a report on Tuesday. Oppenheimer raised their target price on Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Truist Financial increased their price objective 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Community Health Systems currently has a consensus rating of “Hold” and a consensus price target of $4.65.

Community Health Systems Stock Performance

NYSE:CYH opened at $5.00 on Friday. The firm’s 50-day moving average is $3.76 and its 200-day moving average is $3.48. Community Health Systems has a 52-week low of $2.01 and a 52-week high of $5.48.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Wednesday, July 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.10 billion. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.22) EPS.

Institutional Investors Weigh In On Community Health Systems

Large investors have recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in shares of Community Health Systems in the second quarter valued at $25,000. Eagle Asset Management Inc. bought a new position in shares of Community Health Systems in the fourth quarter worth about $40,000. Bison Wealth LLC bought a new stake in shares of Community Health Systems during the fourth quarter valued at approximately $63,000. RPO LLC acquired a new stake in shares of Community Health Systems in the fourth quarter valued at approximately $75,000. Finally, BOS Asset Management LLC acquired a new position in shares of Community Health Systems during the first quarter valued at $80,000. 84.99% of the stock is currently owned by institutional investors.

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.