Community Health Systems (NYSE:CYH – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $(0.60)-$(0.50) for the period, compared to the consensus earnings per share estimate of ($0.38). The company issued revenue guidance of $12.45-12.55 billion, compared to the consensus revenue estimate of $12.60 billion. Community Health Systems also updated its FY 2024 guidance to -0.600–0.500 EPS.
Community Health Systems Stock Up 1.1 %
Community Health Systems stock traded up $0.06 during midday trading on Wednesday, hitting $5.55. 1,967,339 shares of the stock were exchanged, compared to its average volume of 1,752,464. The stock has a market capitalization of $771.26 million, a price-to-earnings ratio of -5.82 and a beta of 1.55. Community Health Systems has a 52-week low of $2.01 and a 52-week high of $6.29. The business’s 50-day moving average price is $5.54 and its 200-day moving average price is $4.33.
Community Health Systems (NYSE:CYH – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The company reported ($0.17) EPS 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 the consensus estimate of $3.10 billion. During the same period last year, the firm earned ($0.22) earnings per share. The company’s revenue was up .8% compared to the same quarter last year. On average, sell-side analysts predict that Community Health Systems will post -0.41 earnings per share for the current fiscal year.
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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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