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Here's What Key Metrics Tell Us About Community Health Systems (CYH) Q3 Earnings
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Community Health Systems (CYH - Free Report) reported $3.09 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 2%. EPS of -$0.33 for the same period compares to -$0.52 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.04 billion, representing a surprise of +1.66%. The company delivered an EPS surprise of -106.25%, with the consensus EPS estimate being -$0.16.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 249,988 versus the two-analyst average estimate of 245,592.
Patient days: 459,838 Days versus 480,581.6 Days estimated by two analysts on average.
Admissions: 109,043 versus 111,238 estimated by two analysts on average.
Licensed Beds: 12,494 versus 12,545 estimated by two analysts on average.
Number of Hospitals: 76 versus 76 estimated by two analysts on average.
Beds in Service: 10,621 compared to the 10,757 average estimate based on two analysts.
Shares of Community Health Systems have returned -5.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Community Health Systems (CYH) Q3 Earnings
Community Health Systems (CYH - Free Report) reported $3.09 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 2%. EPS of -$0.33 for the same period compares to -$0.52 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.04 billion, representing a surprise of +1.66%. The company delivered an EPS surprise of -106.25%, with the consensus EPS estimate being -$0.16.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 249,988 versus the two-analyst average estimate of 245,592.
- Patient days: 459,838 Days versus 480,581.6 Days estimated by two analysts on average.
- Admissions: 109,043 versus 111,238 estimated by two analysts on average.
- Licensed Beds: 12,494 versus 12,545 estimated by two analysts on average.
- Number of Hospitals: 76 versus 76 estimated by two analysts on average.
- Beds in Service: 10,621 compared to the 10,757 average estimate based on two analysts.
View all Key Company Metrics for Community Health Systems here>>>Shares of Community Health Systems have returned -5.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.