Community Health Systems (NYSE:CYH – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.650–0.050 for the period, compared to the consensus estimate of -0.410. The company issued revenue guidance of $12.3 billion-$12.7 billion, compared to the consensus revenue estimate of $12.5 billion.
Community Health Systems Price Performance
NYSE CYH traded up $0.14 on Friday, hitting $3.39. 2,500,421 shares of the stock were exchanged, compared to its average volume of 2,096,108. Community Health Systems has a 52-week low of $2.01 and a 52-week high of $6.53. The company has a market capitalization of $471.14 million, a price-to-earnings ratio of -3.55 and a beta of 1.52. The company’s 50-day moving average price is $3.08 and its two-hundred day moving average price is $3.06.
Community Health Systems (NYSE:CYH – Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.05. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. Community Health Systems had a negative net margin of 0.99% and a negative return on equity of 5.51%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.43) EPS. Equities analysts predict that Community Health Systems will post -0.45 EPS for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on CYH
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.
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