Community Health Systems, Inc. (NYSE:CYH) is reporting third quarter financial results on Tuesday 27th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, CYH is expected to report 3Q20 loss of $ 0.16 per share from revenue of $ 2897.74 million.
For the full year, analysts anticipate top line of $ 11451.60 million, while looking forward to loss of $ 1.31 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 12,400.00 million ~ $ 12,800.00 million, where as bottomline are predicted in a range of $ -1.30 ~ $ -0.60 per share
Click Here For More Historical Outlooks Of Community Health Systems, Inc.
Previous Quarter Performance
Community Health Systems, Inc. unveiled income for the second quarter of $ 0.85 per share, from the revenue of $ 2,519.00 million. The quarterly revenues decreased 23.74 percent compared with the same quarter last year. Wall street analysts are predicting, CYH to report 2Q20 loss of $ 0.62 per share from revenue of $ 2637.81 million. The bottom line results beat street analysts by $ 1.47 or 237.10 percent, at the same time, top line results fell short of analysts by $ 118.81 million or 4.5 percent.
Stock Performance
Shares of Community Health Systems, Inc. traded up $ 0.12 or 2.50 percent on Friday, reaching $ 4.92 with volume of 569.00 thousand shares. Community Health Systems, Inc. has traded high as $ 4.97 and has cracked $ 4.80 on the downward trend
According to the previous trading day, closing price of $ 4.92, representing a 113.33 % increase from the 52 week low of $ 2.25 and a 35.74 % decrease over the 52 week high of $ 7.47.
The company has a market capital of $ 588.53 million and is part of the Healthcare sector and Medical Care industry.
Community Health Systems, Inc., together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. The company 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. It also provides outpatient services at urgent care centers, occupational medicine clinics, imaging centers, cancer centers, and ambulatory surgery centers.
