CYH Earnings Prediction
The chart below shows how CYH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CYH sees a -3.55% change in stock price 10 days leading up to the earnings, and a -6.63% change 10 days following the report. On the earnings day itself, the stock moves by +0.46%. This data can give you a slight idea of what to expect for the next quarter's release.
CYH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.09B
0.13%
-1.59%
Gross Margin
81.04%
1.29%
0.50%
Operating Margin
2.01%
-72.31%
-74.56%
Net Margin
-11.49%
579.88%
-1484.34%
EPS
-2.95
-321.43%
2850.00%
No Data Available
CYH Earnings Analysis
Community Health Systems, Inc. Corporation (CYH.N) Earnings Conference Call
Positive
Same-Store Volume Increase: 1. Same-Store Volume Growth: Community Health Systems reported a 2.4% increase in admissions and a 2.6% increase in adjusted admissions year-over-year, indicating strong underlying demand for care in their markets.
Net Revenue Growth: 2. Net Revenue Increase: The company achieved net operating revenues of $3.09 billion for the quarter, reflecting a 5.1% increase in same-store net revenue, consistent with their target for mid-single-digit growth.
Cash Flow Improvement: 3. Improved Cash Flow: Cash flows from operations improved significantly to $67 million for Q3 2024, compared to $29 million in the same period last year, primarily due to better working capital management.
Capital Expenditure Plans: 4. Capital Investments: CHS is on track with capital expenditures of $251 million year-to-date, with a full-year guidance range of $350 million to $400 million, supporting their strategic growth plans.
Clinical Quality Improvement: 5. Enhanced Clinical Quality: The organization reported a nearly 20% improvement in their risk-adjusted mortality index from the prior year, placing them in the top quartile of U.S. hospitals, showcasing their commitment to patient safety and quality care.
Negative
Denials Affecting Revenue: 1. Increased Denials Impacting Revenue: The company experienced an approximate doubling of denials in the quarter compared to the prior year, resulting in a $10 million headwind for the quarter.
Decline in Adjusted EBITDA: 2. Lower Adjusted EBITDA: Adjusted EBITDA for the third quarter was $347 million, down from $360 million in the prior year period, reflecting a margin decline from 11.7% to 11.2%.
Hurricane Revenue Impact: 3. Hurricane-Related Revenue Loss: The impact of Hurricane Helene and Milton resulted in an estimated $7 million loss in revenue due to missed services and additional costs, with the ShorePoint Health Punta Gorda facility remaining closed for the entire fourth quarter.
Case Mix Index Decline: 4. Decline in Case Mix Index: The overall case mix index decreased by 60 basis points from the prior year, indicating a less favorable service line mix and contributing to lower net revenue.
Professional Claims Liability Increase: 5. Increased Professional Claims Liability: The company booked a $149 million increase to its professional claims liability accrual, reflecting trends of larger claim settlements and adverse development in outstanding claims.
CYH FAQs
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CYH Earning Call Sentiment
Community Health Systems, Inc. (CYH) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CYH.N
-10.18%Positive
The earnings call presents a mixed picture with several negative factors. Despite slight revenue growth, operational challenges from hurricanes, increased claim denials, and higher professional claims liability weigh heavily. The Q&A reveals further concerns about denials and hurricane impacts. The share repurchase is a positive, but overall, the financial health and guidance revisions suggest a negative outlook. The market reaction is likely to be negative, with potential stock price decline of -2% to -8%.
