Community Health Systems: Q2 Earnings Insights

Community Health Systems: Q2 Earnings Insights

Community Health Systems CYH reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Community Health Systems missed estimated earnings by 3700.0%, reporting an EPS of $-2.52 versus an estimate of $0.07.

Revenue was down $73.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 4.93% drop in the share price the next day.

Here's a look at Community Health Systems's past performance:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.13 0.61 0.12 -0.01
EPS Actual 0.14 1.15 0.69 0.23
Revenue Estimate 3.13B 3.17B 3.02B 2.94B
Revenue Actual 3.11B 3.23B 3.12B 3.01B

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.13 0.61 0.12 -0.01
EPS Actual 0.14 1.15 0.69 0.23
Revenue Estimate 3.13B 3.17B 3.02B 2.94B
Revenue Actual 3.11B 3.23B 3.12B 3.01B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Community Health Systems management provided guidance for FY 2022, expecting earnings between $-2.55 and $-1.65 per share.

To track all earnings releases for Community Health Systems visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings