Cross Country Healthcare Inc expected to post earnings of 13 cents a share - Earnings Preview

Cross Country Healthcare

29/07/2024 21:48

* Cross Country Healthcare Inc  CCRN.OQ   CCRN.O  is
expected
to show a fall in quarterly revenue when it reports  results on
July 31 for the period ending June 30 2024
    * The Boca Raton Florida-based  company is expected to
report a
38.1% decrease in revenue to $334.759 million from $540.7
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on May 1
2024, for the period ended June 30, was for revenue between
330.00 million and 340.00 million.
    * ​LSEG's mean analyst estimate for Cross Country Healthcare
Inc
is for earnings of 13 cents per share. The company's EPS
guidance on May 1 2024, for the period ended June 30, was
between 0.10 and 0.20 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cross
Country
Healthcare Inc is $18.50​, above​ its last closing price
of $16.52. ​​​

The company's guidance on May 1 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 330 million and 15 million.The company's
guidance on May 1 2024 for the period ended June 30 was for
gross profit margin between 21% and 21.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.17        0.17       0.19      Beat    10.9
 Dec. 31 2024  0.27        0.27       0.29      Beat    6.1
 Sep. 30 2023  0.41        0.41       0.39      Missed  -4.2​
 Jun. 30 2023  0.61        0.61       0.69      Beat    13.3
 ​​Mar.        0.75        0.75       0.84      Beat    12.4
 31 2023                                                
 Dec. 31 2022  0.89        0.89       1.09      Beat    21.9​
 Sep. 30 2022  0.96        0.95       1.07      Beat    12.6
 Jun. 30 2022  1.35        1.35       1.40      Beat    3.8
 This summary was machine generated July 29 at 20:48 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)