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

Cross Country Healthcare

02/05/2024 17:13

* Cross Country Healthcare Inc  CCRN.OQ  reported quarterly
adjusted earnings of 19 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 84 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 17 cents per
share. Wall Street expected results to range from 15 cents to 20
cents per share.
    * Revenue fell 39.1% to $379.17 million from a year ago;
analysts
expected $374.09 million. 
    * Cross Country Healthcare Inc's reported EPS for the
quarter was
8 cents​.
    * The company reported quarterly net income of $2.69
million.
    * Cross Country Healthcare Inc shares had fallen by 4.4%
this
quarter and lost 20.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 42.1%
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 $19.00 
This summary was machine generated from LSEG data May 2 at 04:13
p.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
 Mar. 31 2024      0.17           0.19           Beat
 Dec. 31 2023      0.27           0.29           Beat
 Sep. 30 2023      0.41           0.39           Missed
 Jun. 30 2023      0.61           0.69           Beat