We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Community Health Systems (CYH) Q2 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Community Health Systems (CYH - Free Report) reported $3.14 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.8%. EPS of -$0.17 for the same period compares to -$0.22 a year ago.
The reported revenue represents a surprise of +1.96% over the Zacks Consensus Estimate of $3.08 billion. With the consensus EPS estimate being -$0.11, the EPS surprise was -54.55%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Community Health Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Adjusted admissions: 243,343 versus the two-analyst average estimate of 239,479.
Patient days: 458,409 Days compared to the 484,350.5 Days average estimate based on two analysts.
Admissions: 105,748 versus the two-analyst average estimate of 107,967.
Licensed Beds: 11,868 versus the two-analyst average estimate of 11,873.
Number of Hospitals: 71 versus the two-analyst average estimate of 71.
Beds in Service: 10,068 versus 10,066 estimated by two analysts on average.
Shares of Community Health Systems have returned +36.8% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Community Health Systems (CYH) Q2 Earnings: A Look at Key Metrics
Community Health Systems (CYH - Free Report) reported $3.14 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.8%. EPS of -$0.17 for the same period compares to -$0.22 a year ago.
The reported revenue represents a surprise of +1.96% over the Zacks Consensus Estimate of $3.08 billion. With the consensus EPS estimate being -$0.11, the EPS surprise was -54.55%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Community Health Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Adjusted admissions: 243,343 versus the two-analyst average estimate of 239,479.
- Patient days: 458,409 Days compared to the 484,350.5 Days average estimate based on two analysts.
- Admissions: 105,748 versus the two-analyst average estimate of 107,967.
- Licensed Beds: 11,868 versus the two-analyst average estimate of 11,873.
- Number of Hospitals: 71 versus the two-analyst average estimate of 71.
- Beds in Service: 10,068 versus 10,066 estimated by two analysts on average.
View all Key Company Metrics for Community Health Systems here>>>Shares of Community Health Systems have returned +36.8% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.