Community Health Systems (CYH) Set to Announce Quarterly Earnings on Wednesday

Community Health Systems (NYSE:CYH) is set 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.Investors interested in registering for the company’s conference call can do so using this link.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the business earned ($0.22) earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. 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 Down 3.4 %

Shares of CYH opened at $5.75 on Tuesday. Community Health Systems has a 12-month low of $2.01 and a 12-month high of $6.29. The stock’s fifty day simple moving average is $5.51 and its 200-day simple moving average is $4.30. The firm has a market capitalization of $799.05 million, a PE ratio of -6.05 and a beta of 1.55.

Analyst Ratings Changes

Several equities analysts have weighed in on CYH shares. Truist Financial increased their target price on Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a research note on Monday, July 15th. UBS Group increased their target price 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. Royal Bank of Canada reissued an “outperform” rating and issued a $6.00 target price on shares of Community Health Systems in a research note on Monday, August 12th. Wells Fargo & Company increased their target price on Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Finally, Oppenheimer increased their price target on Community Health Systems from $4.50 to $5.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.