Cross Country Healthcare Inc reports results for the quarter ended in September 30 - Earnings Summary

Cross Country Healthcare

07/11/2024 14:50

* Cross Country Healthcare Inc  CCRN.OQ  reported quarterly
adjusted earnings of 12 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 39 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from 8 cents to 11
cents per share.
    * Revenue fell 28.8% to $315.12 million from a year ago;
analysts
expected $310.22 million. 
    * Cross Country Healthcare Inc's reported EPS for the
quarter was
8 cents​.
    * The company reported quarterly net income of $2.56
million.
    * Cross Country Healthcare Inc shares had fallen by 9.6%
this
quarter and lost 46.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the employment
services
peer group is also "buy"

Wall Street's median 12-month price target for Cross Country
Healthcare Inc is $19.00 
This summary was machine generated from LSEG data November 7 at
02:50 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
 Sep. 30 2024      0.10           0.12           Beat
 Jun. 30 2024      0.13           0.10           Missed
 Mar. 31 2024      0.17           0.19           Beat
 Dec. 31 2023      0.27           0.29           Beat