Community Health Systems (NYSE:CYH – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -0.450–0.300 for the period, compared to the consensus estimate of -0.310. The company issued revenue guidance of $12.5 billion-$12.7 billion, compared to the consensus revenue estimate of $12.5 billion.
Wall Street Analysts Forecast Growth
CYH has been the topic of a number of recent research reports. Oppenheimer boosted their target price on Community Health Systems from $4.50 to $5.00 and gave the company an outperform rating in a report on Thursday. Truist Financial boosted their target price on Community Health Systems from $3.75 to $4.25 and gave the company a hold rating in a report on Monday, July 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $4.25.
Get Our Latest Report on Community Health Systems
Community Health Systems Trading Up 6.9 %
Community Health Systems (NYSE:CYH – Get Free Report) last announced its quarterly earnings data 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 company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the company earned ($0.22) earnings per share. Community Health Systems’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, sell-side analysts forecast that Community Health Systems will post -0.33 EPS for the current fiscal year.
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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