Community Health SystemsNYSE: CYH

Community Health Systems reported a net loss of $(355m) in Q3, its worst performance in the last ten quarters, causing a >20% stock drop. Revenues slightly increased to $3.1bn but fell sequentially from $3.14bn, with operating income plummeting to $62m. The stock price remains up >65% on a 1-year basis despite the recent decline from >$5.5 to

CYH's third-quarter earnings suffer a setback due to lower admissions and patient days. Improved occupancy levels and reimbursement rates partially offset the negatives.

While the top- and bottom-line numbers for Community Health Systems (CYH) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Community Health Systems (CYH) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.33 per share a year ago.

Community Health Systems (CYH) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

With this move, CYH intends to streamline agent workload, which can result in more savings for the company.

CYH expects the acquisition from Carbon Health to be completed in the fourth quarter of 2024.

Community Health Systems (CYH) reported earnings 30 days ago. What's next for the stock?

LOS ANGELES, CA / ACCESSWIRE / August 17, 2024 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Community Health Systems, Inc. ("Community Health" or "the Company") (NYSE:CYH) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.