Community Health Systems (NYSE:CYH – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.600–0.500 for the period, compared to the consensus EPS 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.
Community Health Systems Trading Down 6.6 %
CYH stock traded down $0.28 on Friday, hitting $3.97. The company’s stock had a trading volume of 3,547,010 shares, compared to its average volume of 1,792,988. Community Health Systems has a 1 year low of $2.01 and a 1 year high of $6.29. The stock has a market cap of $551.70 million, a price-to-earnings ratio of -4.21 and a beta of 1.55. The firm has a 50 day moving average of $5.54 and a two-hundred day moving average of $4.34.
Community Health Systems (NYSE:CYH – Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the business posted ($0.33) earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts forecast that Community Health Systems will post -0.41 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on CYH
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.
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