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Community Health (CYH) Posts Earnings in Q1, Revenues Top
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Community Health Systems, Inc. (CYH - Free Report) delivered adjusted income of 13 cents per share in the first quarter of 2018, faring better than the Zacks Consensus Estimate of a loss of 26 cents. The bottom line surged nearly 86% year over year.
Community Health Systems, Inc. Price, Consensus and EPS Surprise
In the reported quarter, net operating revenues were $3.7 billion, which surpassed the Zacks Consensus Estimate by 1.6% but decreased by 17.8% year over year.
The first quarter witnessed a decrease of 2.4% in total admissions and a fall of 1.9% in adjusted admissions, when compared with the year-ago period.
Total operating costs and expenses were $3.5 billion, down 21.1% year over year.
Financial Update
Total assets at quarter end were $17.3 billion, dipping 0.8% from year-end 2017 level.
Cash and cash equivalents decreased 24.7% to $424 million from year-end 2017.
Cash flow from operations was $106 million for the reported quarter, declining 56.2% year over year.
The company has a long-term debt of $13.8 billion as of Mar 31, 2018, dipping 0.28% from 2017-end level.
2018 Guidance
Loss from continuing operations per share is expected to lie in between $1.50 and $1.10.
Community Health estimates the net operating revenues to lie the range of $13.6-$13.9 billion.
The company projects an adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for 2018 in the range of $1.55-$1.65billion.
Weighted-average diluted shares are expected to be in the range of 113-114 million.
Net cash from operations is estimated between $700 million and $800 million while capital expenditure is projected between $475 million and $575 million
Among other players in the hospital industry that have reported first-quarter earnings so far, the bottom line of HCA Healthcare, Inc. (HCA - Free Report) and Tenet Healthcare Corporation (THC - Free Report) has beaten their respective Zacks Consensus Estimate while Universal Health Services, Inc. (UHS - Free Report) missed the same.
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Community Health (CYH) Posts Earnings in Q1, Revenues Top
Community Health Systems, Inc. (CYH - Free Report) delivered adjusted income of 13 cents per share in the first quarter of 2018, faring better than the Zacks Consensus Estimate of a loss of 26 cents. The bottom line surged nearly 86% year over year.
Community Health Systems, Inc. Price, Consensus and EPS Surprise
Community Health Systems, Inc. Price, Consensus and EPS Surprise | Community Health Systems, Inc. Quote
Quarterly Operational Update
In the reported quarter, net operating revenues were $3.7 billion, which surpassed the Zacks Consensus Estimate by 1.6% but decreased by 17.8% year over year.
The first quarter witnessed a decrease of 2.4% in total admissions and a fall of 1.9% in adjusted admissions, when compared with the year-ago period.
Total operating costs and expenses were $3.5 billion, down 21.1% year over year.
Financial Update
Total assets at quarter end were $17.3 billion, dipping 0.8% from year-end 2017 level.
Cash and cash equivalents decreased 24.7% to $424 million from year-end 2017.
Cash flow from operations was $106 million for the reported quarter, declining 56.2% year over year.
The company has a long-term debt of $13.8 billion as of Mar 31, 2018, dipping 0.28% from 2017-end level.
2018 Guidance
Loss from continuing operations per share is expected to lie in between $1.50 and $1.10.
Community Health estimates the net operating revenues to lie the range of $13.6-$13.9 billion.
The company projects an adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for 2018 in the range of $1.55-$1.65billion.
Weighted-average diluted shares are expected to be in the range of 113-114 million.
Net cash from operations is estimated between $700 million and $800 million while capital expenditure is projected between $475 million and $575 million
Zacks Rank and Performance of Peer Stocks
Community Health carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Among other players in the hospital industry that have reported first-quarter earnings so far, the bottom line of HCA Healthcare, Inc. (HCA - Free Report) and Tenet Healthcare Corporation (THC - Free Report) has beaten their respective Zacks Consensus Estimate while Universal Health Services, Inc. (UHS - Free Report) missed the same.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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