Cross Country Healthcare Inc expected to post earnings of 61  cents a share - Earnings Preview

Cross Country Healthcare

01/08/2023 01:25

* Cross Country Healthcare Inc  CCRN.OQ   CCRN.O  is
expected
to show a fall in quarterly revenue when it reports  results on
August 2. 
    * The Boca Raton Florida-based  company is expected to
report  a
29.4% decrease in revenue to $531.68 million from $753.56
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. The company's guidance on May
3 2023, for the period ended June 30, was for revenue between
530.00 million and 540.00 million.
    * ​Refinitiv's mean analyst estimate for Cross Country
Healthcare
Inc is for earnings of 61 cents per share. The company's EPS
guidance on May 3 2023, for the period ended June 30, was
between 0.55 and 0.65 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"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 $30​, above​ its last closing price of $25.80.
​​​

The company's guidance on May 3 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 530 million and 45 million.The company's
guidance on May 3 2023 for the period ended June 30 was for
gross profit margin between 22.5% and 23%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.75        0.75       0.84      Beat    12.4
 Dec. 31 2023  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
 ​​Mar.        1.34        1.31       1.70      Beat    29.3
 31 2022                                                
 Dec. 31 2021  1.30        1.24       1.40      Beat    12.6​
 Sep. 30 2021  0.34        0.34       0.61      Beat    77
 Jun. 30 2021  0.40        0.40       0.47      Beat    18.7
 This summary was machine generated August 1 at 00:25 GMT.  All
figures in US dollars  unless otherwise stated