Brokerages expect Concord Medical Services Hldg Ltd (NYSE:CCM) to announce earnings of ($0.03) per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Concord Medical Services’ earnings. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Concord Medical Services will report full year earnings of ($0.10) per share for the current year. For the next fiscal year, analysts expect that the firm will post earnings of $0.01 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Concord Medical Services.
Separately, Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday.
A hedge fund recently raised its stake in Concord Medical Services stock. Wedbush Securities Inc. raised its holdings in Concord Medical Services Hldg Ltd (NYSE:CCM) by 28.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 21,432 shares of the company’s stock after acquiring an additional 4,757 shares during the period. Wedbush Securities Inc.’s holdings in Concord Medical Services were worth $60,000 at the end of the most recent reporting period. 1.79% of the stock is currently owned by hedge funds and other institutional investors.
About Concord Medical Services
Concord Medical Services Holdings Limited, through its subsidiaries, operates a network of radiotherapy and diagnostic imaging centers in the People's Republic of China. The company's services comprise linear accelerators external beam radiotherapy, gamma knife radiosurgery, head gamma knife systems, body gamma knife systems, CyberKnife robotic radiosurgery system, proton beam therapy systems, and diagnostic imaging services.
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