Cross Country Healthcare Inc expected to post earnings of 17 cents a share - Earnings Preview

Cross Country Healthcare

30/04/2024 01:54

* Cross Country Healthcare Inc  CCRN.OQ   CCRN.O  is
expected
to show a fall in quarterly revenue when it reports  results on
May 1 for the period ending March 31 2024
    * The Boca Raton Florida-based  company is expected to
report a
39.9% decrease in revenue to $374.089 million from $622.71
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on February
21 2024, for the period ended March 31, was for revenue between
370.00 million and 380.00 million.
    * ​LSEG's mean analyst estimate for Cross Country Healthcare
Inc
is for earnings of 17 cents per share. The company's EPS
guidance on February 21 2024, for the period ended March 31, was
between 0.15 and 0.25 
    * 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 $19.00​, above​ its last closing price
of $17.55. ​​​

The company's guidance on February 21 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 370 million and 18 million.The
company's guidance on February 21 2024 for the period ended
March 31 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  
 Dec. 31 2023  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. 31 2023  0.75        0.75       0.84      Beat    12.4
 ​​Dec.        0.89        0.89       1.09      Beat    21.9
 31 2022                                                
 Sep. 30 2022  0.96        0.95       1.07      Beat    12.6​
 Jun. 30 2022  1.35        1.35       1.40      Beat    3.8
 Mar. 31 2022  1.34        1.31       1.70      Beat    29.3
 This summary was machine generated April 30 at 00:54 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)