Cross Country Healthcare Inc reports results for the quarter ended in June - Earnings Summary

Cross Country Healthcare

01/08/2024 02:16

* Cross Country Healthcare Inc  CCRN.OQ  reported quarterly
adjusted earnings of 10 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 69 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 13 cents per share. Wall
Street expected results to range from 10 cents to 16 cents per
share.
    * Revenue fell 37.2% to $339.77 million from a year ago;
analysts
expected $334.76 million. 
    * Cross Country Healthcare Inc's reported EPS for the
quarter was
a loss of 47 cents​.
    * The company reported a quarterly loss of $16.05 million.
    * Cross Country Healthcare Inc shares had risen by 30.3%
this
quarter and lost 20.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the employment
services
peer group is also "hold"

Wall Street's median 12-month price target for Cross Country
Healthcare Inc is $18.50 
This summary was machine generated from LSEG data August 1 at
01:15 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.13           0.10           Missed
 Mar. 31 2024      0.17           0.19           Beat
 Dec. 31 2023      0.27           0.29           Beat
 Sep. 30 2023      0.41           0.39           Missed