Overview

* Community Health Systems ( CYH ) Q3 revenue beats analyst expectations despite slight decline yr/yr

* Adjusted EBITDA for Q3 beats analyst expectations, reflecting improved operational performance

* Company completed refinancing, enhancing liquidity and strategic positioning

Outlook

* Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

* SAME-STORE REVENUE GROWTH - Same-store net operating revenues increased 6.0% due to higher reimbursement rates and favorable payor mix

* INCOME TAX BENEFIT - $163 mln income tax benefit from federal legislation contributed to net income increase

* NON-PATIENT REVENUE - Increased non-patient revenue from $28 mln legal settlement contributed to higher Adjusted EBITDA

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $3.08 $2.99

Revenue bln bln (6

Analysts

)

Q3 Beat $376 mln $312.13

Adjusted mln (7

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the healthcare facilities & services peer group is "buy."

* Wall Street's median 12-month price target for Community Health Systems Inc ( CYH ) is $3.23, about 2.3% below its October 21 closing price of $3.15

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)