Community Health Systems (NYSE:CYH) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Community Health Systems (NYSE:CYHGet Free Report) announced its earnings results on Wednesday. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.05), Briefing.com reports. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the firm posted ($0.22) earnings per share. Community Health Systems’s quarterly revenue was up .8% compared to the same quarter last year. Community Health Systems updated its FY 2024 guidance to -0.450–0.300 EPS.

Community Health Systems Stock Performance

Community Health Systems stock traded up $0.24 during trading hours on Thursday, hitting $4.57. 2,633,205 shares of the stock were exchanged, compared to its average volume of 1,875,536. The stock has a market capitalization of $635.09 million, a P/E ratio of -4.53 and a beta of 1.52. Community Health Systems has a 12 month low of $2.01 and a 12 month high of $5.20. The business’s 50-day moving average is $3.59 and its two-hundred day moving average is $3.42.

Analyst Ratings Changes

Several research firms have issued reports on CYH. Truist Financial upped their price target on Community Health Systems from $3.75 to $4.25 and gave the company a “hold” rating in a report on Monday, July 15th. Oppenheimer upped their price target on Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Community Health Systems has a consensus rating of “Hold” and a consensus price target of $4.25.

Read Our Latest Analysis on Community Health Systems

Community Health Systems Company Profile

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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.

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Earnings History for Community Health Systems (NYSE:CYH)

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