Community Health Systems (NYSE:CYH) reported its Q4 earnings results on Wednesday, February 16, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Community Health Systems beat estimated earnings by 88.52%, reporting an EPS of $1.15 versus an estimate of $0.61.
Revenue was up $114.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.57, which was followed by a 18.4% increase in the share price the next day.
Here's a look at Community Health Systems's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.12 | -0.01 | -0.15 | 0.20 |
| EPS Actual | 0.69 | 0.23 | 0.36 | 0.96 |
| Revenue Estimate | 3.02B | 2.94B | 2.96B | 3.07B |
| Revenue Actual | 3.12B | 3.01B | 3.01B | 3.12B |
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 their next quarter, expecting earnings between $1.0 and $1.5 per share for the next quarter.
This represents a 8.7% in quarter-over-quarter growth for Community Health Systems, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
