Community Health Systems (CYH) Reports Q4 Loss Per Share of 28c, Adj. EBITDA Declines YoY
Community Health Systems (NYSE: CYH) reported Q4 EPS of ($0.28), may not compare to the analyst estimate of $0.95. Revenue for the quarter came in at $4.8 billion versus the consensus estimate of $4.99 billion.
Adjusted EBITDA for the three months ended December 31, 2015, which includes the provision for bad debts change in estimate adjustment of $169 million, was $527 million compared with $785 million for the same period in 2014, representing a 32.9 percent decrease.
GUIDANCE:
Community Health Systems sees FY2016 EPS of $3.40-$3.80, versus the consensus of $3.68.
The following is provided as guidance to analysts and investors:
| 2016 Projection Range | ||||||||||||
| Net operating revenues less provision for bad debts (in millions) | $ | 20,000 | to | $ | 20,600 | |||||||
| Adjusted EBITDA (in millions) | $ | 2,900 | to | $ | 3,050 | |||||||
| Income from continuing operations per share - diluted | $ | 3.40 | to | $ | 3.80 | |||||||
| Same-store hospital annual adjusted admissions growth | 0.5 | % | to | 2.5 | % | |||||||
| Weighted-average diluted shares, in millions | 111.0 | to | 113.0 | |||||||||
For earnings history and earnings-related data on Community Health Systems (CYH) click here.