Buy, Sell or Hold? Analysts Weigh in on Wright Medical Group, Inc. (NASDAQ:WMGI), Community Health Systems, Inc. (NYSE:CYH)

According to data provided by Zacks Research, Wright Medical Group, Inc. (NASDAQ:WMGI) has a consensus target price of $31.333 on the stock. Out of the polled analysts providing targets, the high is currently $36, while the low is resting at $24. Analyst price targets may vary depending on the individual method used to calculate the estimate.
Turning to earnings, analysts are expecting Wright Medical Group, Inc. (NASDAQ:WMGI) to post a current quarter EPS of $-0.08. This consensus number is compiled by Zacks Research. For the period ending on 2016-12-31, the company reported EPS for the quarter of $-0.06. The resulting surprise factor from the difference between the reported number and the consensus estimate going into earnings was 45.45%. After a company reports earnings, the stock may see increased activity. The next earnings report date is scheduled on or near 2017-05-03.
In terms of analyst ratings, Wright Medical Group, Inc. (NASDAQ:WMGI) has a current ABR of 1.53. This average broker recommendation is given by Zacks using a scale from 1 to 5. According to this scale, a rating of 1 or 2 would indicate a Buy, and a rating of 4 or 5 would signify a Sell recommendation. A 3 would indicate a Hold on the stock.

Wall Street sell-side research analysts covering Community Health Systems, Inc. (NYSE:CYH) shares have recently provided various price target projections on where the stock might be going. According to them, the stock is expected to reach $9.866 on a consensus level within the next year, according to Zacks. The most bullish estimate sees the stock reaching $18 while the most conservative estimate stand at $5.

Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Community Health Systems, Inc.. They give the company shares an ABR of 3.06. This is based on the 15 analysts taken into consideration by Zacks.

Earnings Estimates for Community Health Systems, Inc. (NYSE:CYH)

Currently, Wall Street is projecting that the firm will post $0.06 earnings per share. This consensus number is also derived from Zacks. For the most recent period which ended on 2016-12-31, Community Health Systems, Inc.'s EPS was reported as $0.46. This created a “surprise factor” 283.33% due to being $0.34 apart from what Wall Street predicted. When actual numbers differ greatly from the consensus expectations, sharp movement in the stock price can often be seen in the hours or days following the report.

Investors will mark their calendars for 2017-05-01, the date when Community Health Systems, Inc. (NYSE:CYH) are expected to release their quarterly results.

Leave a Comment