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 -0.600–0.500 for the period, compared to the consensus estimate of -0.600. The company issued revenue guidance of $12.5 billion-$12.6 billion, compared to the consensus revenue estimate of $12.6 billion. Community Health Systems also updated its FY24 guidance to $(0.60)-$(0.50) EPS.
Analyst Ratings Changes
Several research firms recently weighed in on CYH. UBS Group raised their target price on shares of Community Health Systems from $4.70 to $5.10 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Wells Fargo & Company lifted their target price on Community Health Systems from $3.50 to $5.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Barclays raised their price target on Community Health Systems from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday. Truist Financial upped their price objective on Community Health Systems from $3.75 to $4.25 and gave the stock a “hold” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $6.00 target price on shares of Community Health Systems in a report on Monday, August 12th. Five research 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, Community Health Systems currently has a consensus rating of “Hold” and a consensus price target of $5.06.
View Our Latest Stock Report on CYH
Community Health Systems Price Performance
Community Health Systems (NYSE:CYH – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.14). The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the firm earned ($0.33) earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Community Health Systems will post -0.41 earnings per share for the current 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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