Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" to maximize returns in a shorter time frame [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify these opportunities [3] Group 2: Community Health Systems (CYH) Analysis - Community Health Systems (CYH) has shown a four-week price change of 3.5%, indicating growing investor interest [4] - Over the past 12 weeks, CYH's stock has gained 36.7%, with a beta of 1.55, suggesting it moves 55% more than the market [5] - CYH has a Momentum Score of B, indicating a favorable time to invest based on its momentum characteristics [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to CYH earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - CYH is currently trading at a Price-to-Sales ratio of 0.07, suggesting it is undervalued at 7 cents for each dollar of sales, providing significant room for growth [7] Group 4: Additional Investment Opportunities - Besides CYH, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Community Health Systems, Inc. (CYH) recently partnered with Denim Health to integrate conversational AI technology into its Patient Access Center (PAC), which handles calls for almost a thousand CYH-affiliated primary care providers. These are responsible for operating more than 25,000 inbound calls every day. The collaboration aims to enhance the patient experience and streamline call center operations. After a successful pilot in late 2023, Community Health deployed Denim Health's AI bot across its PAC t ...

Community Health Systems, Inc. (CYH) recently announced that its subsidiary, Northwest Urgent Care, LLC, has agreed to buy 10 urgent care centers in Arizona from Carbon Health. The move is expected to boost the company's capacity and footprint in the region. The transaction is scheduled to be completed in the fourth quarter of 2024. Northwest Urgent is part of Northwest Healthcare, which serves Tucson and its surrounding communities in Arizona. The acquisition is expected to expand Northwest Healthcare's ne ...

It has been about a month since the last earnings report for Community Health Systems (CYH) . Shares have added about 2.3% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Community Health Systems due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Community Health Q2 ...

LOS ANGELES, Aug. 2, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Community Health Systems, Inc. ("Community Health" or "the Company") (NYSE: CYH) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Community Health issued a press release on Juny 19, 2024, "pr ...

10 Form 10-Q (Mark One) or Commission file number 001-15925 COMMUNITY HEALTH SYSTEMS, INC. (Exact name of registrant as specified in its charter) Delaware 13-3893191 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was requi ...

Financial Data and Key Metrics Changes - Net operating revenues for the quarter were $3.140 billion, representing year-over-year growth of 0.8% [20] - Same-store net revenue increased by 4.7%, driven by a 3.2% increase in adjusted admissions and a 1.4% growth in net revenue per adjusted admission [20][29] - Adjusted EBITDA for the quarter was $387 million, compared to $373 million in the second quarter of 2023 [29][57] - Average hourly wage rate increased by 4% year-over-year, while contract labor spend decreased by approximately $29 million or 39% from the previous year [21][58] Business Line Data and Key Metrics Changes - Strong growth in outpatient surgery was noted, with significant increases in emergency department visits, urgent care, and physician practices [30][35] - Same-store admissions improved by 3%, adjusted admissions improved by 3.2%, and surgeries were up by 0.6% [29][35] - The company opened a new tower in Knoxville and plans to open another inpatient tower in Foley, Alabama, to drive more inpatient business [3][15] Market Data and Key Metrics Changes - There has been a decrease in the volume of Medicaid patients, offset by an increase in commercial business [45] - The company is experiencing a shift from Medicare fee-for-service to Medicare Advantage, with solid commercial volumes [57] - The company has seen a better balance in growth between commercial and government-insured patients compared to the previous year [79] Company Strategy and Development Direction - The company has invested over $3 billion into health systems since 2018, focusing on expanding access and capacity [15] - A centralized recruitment program has been expanded to include allied health positions, with hiring up by more than 14% year-over-year [32] - The company is actively pursuing divestiture opportunities, with potential proceeds of more than $1 billion from various transactions [38][62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth momentum, expecting continued improvement in the second half of the year [30][54] - The company anticipates the fourth quarter to be the strongest quarter of the year from an EBITDA and cash flow perspective [61] - Management noted that the demand for healthcare services is returning, particularly among commercially insured patients [79] Other Important Information - The divestiture of the Cleveland, Tennessee hospital is on track to be completed in the third quarter, with estimated proceeds of approximately $160 million [59] - The company has implemented new technology and workflows as part of Project Empower, which is expected to yield insights into cost savings opportunities [33][36] Q&A Session Summary Question: Visibility into asset sales given FTC's objections to the Novant deal - Management noted that the group of buyers is changing, with both for-profit and non-profit systems looking outside their traditional areas for expansion [42] Question: Impact of Medicaid patient volume decrease - Management indicated a decrease in Medicaid patients but an increase in commercial business, suggesting a shift rather than a loss to uninsured patients [45] Question: Increase in other operating expenses - Management explained that timing differences related to provider tax payments contributed to the increase in other operating expenses [50][76] Question: Outlook for surgical growth in the back half of the year - Management expects continued demand growth, particularly in the back half of the year, with a focus on procedural volumes [54][79] Question: Impact of enhanced subsidies on exchange volume - Management is actively advocating for the continuation of funding for exchange business, recognizing its importance for maintaining growth [74]

Core Viewpoint - Community Health Systems, Inc. (CYH) reported a wider adjusted loss in Q2 2024 compared to estimates, but showed improvement from the previous year’s loss [1][10] Financial Performance - Adjusted loss per share was 17 cents, worse than the Zacks Consensus Estimate of 11 cents, but improved from a loss of 22 cents in the prior year [1] - Net operating revenues increased by 0.6% year over year to $3.14 billion, exceeding the consensus mark by 2% [1] - Total operating costs rose by 1.2% year over year to $2.9 billion, higher than the estimate of $2.8 billion [4] - Net interest expenses increased by 4.3% year over year to $216 million, surpassing the estimate of $204.8 million [4] Operational Metrics - Patient days decreased by 5.7% year over year, missing estimates by 5.1% [3] - Average length of stay declined to 4.3 days, while occupancy rate improved by 70 basis points to 50% [3] - Admissions fell by 2.8% year over year, but same-store admissions improved by 3% [9] Debt and Cash Flow - Long-term debt stood at $11.5 billion, slightly up from $11.47 billion at the end of 2023 [5] - Operating cash flows increased to $101 million from $86 million in the prior year [5] - Cash and cash equivalents rose to $39 million from $38 million at the end of 2023 [11] 2024 Guidance - The company raised its net operating revenue guidance to between $12.5 billion and $12.7 billion for 2024, indicating a 0.8% increase from 2023 [6] - Adjusted EBITDA is now estimated to be between $1.52 billion and $1.60 billion, implying a 7.4% rise from the previous year [6] - Net loss per share is expected to be between 30 cents and 45 cents in 2024, compared to a net loss of $1.39 per share in 2023 [6] Other Updates - Depreciation and amortization for 2024 is predicted to be between $465 million and $480 million [7] - Net cash from operating activities is reaffirmed to be between $500 million and $650 million [8] - Capital expenditures are anticipated to be in the range of $350 million to $400 million [8]

Earnings Presentation – 2nd Quarter, 2024 July 24, 2024 Disclaimer Statement 2 This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties. All statements in this presentation other than statements of historical fact, including statements regarding projections, expected operating res ...

The reported revenue represents a surprise of +1.96% over the Zacks Consensus Estimate of $3.08 billion. With the consensus EPS estimate being -$0.11, the EPS surprise was -54.55%. Here is how Community Health Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Community Health Systems (CYH) reported $3.14 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.8%. EPS of -$0.17 for the sa ...