NYSE$CYH

Community Health Systems Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Community Health Systems reported a net loss for Q1 2023, but experienced growth in same-store admissions and adjusted admissions.

Community Health Systems reported a net operating revenue of $3.108 billion for Q1 2023. The company experienced a net loss of $(51) million, or $(0.40) per share. However, same-store admissions increased by 4.8 percent and adjusted admissions increased by 9.4 percent compared to the same period in 2022.

  • Net operating revenues totaled $3.108 billion.
  • Net loss attributable to Community Health Systems, Inc. stockholders was $(51) million, or $(0.40) per share (diluted).
  • Adjusted EBITDA was $335 million.
  • On a same-store basis, admissions increased 4.8 percent and adjusted admissions increased 9.4 percent, compared to the same period in 2022.

Headline financials

Total Revenue

$3.11B

Previous: $3.11B-0.1%
EPS (adj)

-$0.43

Previous: $0.14-407.1%
Adjusted EBITDA

$335M

Previous: $409M-18.1%
Admissions

109.6K

No prior period
Adjusted admissions

245.9K

No prior period
Occupancy rate (average beds in service)

51.9%

No prior period
Net inpatient revenues as % of net operating revenues

1463736000.0%

No prior period
Net outpatient revenues as % of net operating revenues

1644264000.0%

No prior period
Capital Expenditures

-$122M

Previous: -$97M-25.8%
Free Cash Flow

-$173M

Previous: -$98M-76.5%
Net Income

-$51M

Previous: -$1M-5000.0%
Operating Income

$210M

Previous: $270M-22.2%
Gross Profit

$2.6B

Previous: $2.61B-0.4%
Cash & Equivalents

$144M

Previous: $460M-68.7%
Total Assets

$14.6B

Previous: $15.3B-4.2%
Stock-Based Comp

$6M

Previous: $5M+20.0%

Revenue & EPS history

CHS · Revenue · Quarterly

$3.11B

Q1 2023-0.1%vs Q1 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+1.7%

Avg return

Earnings day

+3.6%

Avg return

5 days after

+2.4%

Avg return

30 days after

55%

38 / 69 earnings

Positive

+52.4%

Q4 2022

Best reaction

-41.0%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.3%+6.3%+3.0%
Q4 2025+5.7%+4.5%-13.5%
Q3 2025+25.8%+29.1%-4.3%
Q2 2025+0.0%-0.7%+7.7%
Q1 2025+18.5%+11.1%+51.0%
Q4 2024+7.8%+9.9%-22.4%
Q3 2024-22.6%-25.3%-33.5%
Q2 2024+17.5%+27.9%+24.9%
Q1 2024+9.8%+11.1%+20.9%
Q4 2023-28.4%-27.7%-11.6%
Q3 2023-7.0%-18.0%+12.1%
Q2 2023+11.8%-8.4%-18.9%
Q1 2023-39.9%-42.3%-48.4%
Q4 2022+52.4%+56.3%-0.6%
Q3 2022+36.8%+35.4%+68.9%
Q2 2022-41.0%-39.6%-38.6%
Q1 2022-4.2%-19.1%-40.1%
Q4 2021-10.1%-21.3%-15.1%
Q3 2021+19.1%+28.9%+28.4%
Q2 2021-6.4%-8.3%-13.1%
Q1 2021+0.3%+15.2%+37.9%
Q4 2020-7.6%-9.3%+28.3%
Q3 2020+19.2%+30.3%+78.3%
Q2 2020+14.2%+26.4%+37.8%
Q1 2020-7.4%-22.9%-11.8%
Q4 2019+42.7%+27.8%-44.2%
Q3 2019-17.0%-30.4%-32.6%
Q2 2019+12.9%+25.8%+39.7%
Q1 2019-1.7%-4.0%-19.9%
Q4 2018+12.8%+21.4%+8.5%
Q3 2018-6.3%+20.0%+33.3%
Q2 2018+2.3%+9.5%+16.7%
Q1 2018+34.7%+26.5%+8.2%
Q4 2017-11.6%-15.0%-31.6%
Q3 2017-23.1%-26.6%-26.3%
Q2 2017-7.8%-8.8%+6.9%
Q1 2017+19.9%+11.7%+2.8%
Q4 2016+33.8%+33.6%+21.7%
Q3 2016+0.8%+4.9%+3.0%
Q2 2016-1.5%-0.5%-19.3%
Q1 2016-22.1%
Q4 2015-22.1%
Q3 2015-2.4%
Q2 2015+1.2%
Q1 2015-7.6%
Q4 2014+1.2%
Q3 2014-5.0%
Q2 2014-4.9%
Q1 2014-7.2%
Q4 2013+0.3%
Q3 2013-0.3%
Q2 2013+2.2%
Q1 2013+4.7%
Q4 2012+1.4%
Q3 2012+2.4%
Q2 2012-4.3%
Q1 2012+5.2%
Q4 2011+5.3%
Q3 2011-2.7%
Q2 2011-6.4%
Q1 2010-3.5%
Q1 2011+0.1%
Q4 2008+8.0%
Q4 2010+8.0%
Q3 2009+2.0%
Q3 2010+2.0%
Q4 2009+4.3%
Q2 2009+4.3%
Q2 2010+4.3%

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