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 |
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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