Yahoo Finance Community Health (CYH) Posts Earnings in Q1, Revenues Top
Community Health Systems, Inc. CYH 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 and Tenet Healthcare Corporation THC has beaten their respective Zacks Consensus Estimate while Universal Health Services, Inc. UHS missed the same.
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Universal Health Services, Inc. (UHS) : Free Stock Analysis Report
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