Community Health Systems, Inc. (NYSE:CYH ) Q4 2024 Earnings Conference Call February 19, 2025 1:00 PM ET Company Participants Anton Hie - Vice President of Investor Relations Tim Hingtgen - Chief Executive Officer Kevin Hammons - President and Chief Financial Officer Dr. Miguel Benet - President of Clinical Operations and Chief Medical Officer Conference Call Participants Brian Tanquilut - Jefferies Ben Hendrix - RBC Capital Markets A.J. Rice - UBS Andrew Mok - Barclays Operator Good day, and welcome to the Community Health Systems Fourth Quarter and Full Year 2024 Earnings Conference Call.
CYH expects 2025 capital expenditures to be in the range of $350-$4000 million.
The headline numbers for Community Health Systems (CYH) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Community Health Systems (CYH) came out with a quarterly loss of $0.42 per share versus the Zacks Consensus Estimate of $0.05. This compares to loss of $0.41 per share a year ago.
CYH's fourth-quarter earnings are likely to have been aided by higher revenue per adjusted admission.
Community Health Systems (CYH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Shares of Community Health Systems, Inc. CYH have lost 16.4% in the past six months, underperforming the industry's decline of 3.8% due to several challenges being faced by the hospital industry. Peers like Acadia Healthcare Company, Inc. ACHC and Tenet Healthcare Corporation THC have moved down 32.8% and 2.6%, respectively, during this time.
CYH is selling the 123-bed facility in Mooresville to Duke Health.
Community Health Systems Inc CYH shares are trading lower by 7% to $3.38 Thursday afternoon. The company announced a definitive agreement to sell its North Carolina Hospital to Duke Health for approximately $280 million.
CYH's growth drivers remain robust and should help it recover from the short-term setbacks.
CYH enters an agreement to sell ShorePoint Health System assets in Florida for $265 million, advancing its strategy to shed non-core facilities and enhance focus on growth areas.