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

Cross Country Healthcare

03/11/2023 02:42

* Cross Country Healthcare Inc  CCRN.OQ  reported quarterly
adjusted earnings of 39 cents​​ per share for the quarter ended
in September, lower than the same quarter last year, when the
company reported EPS of $1.07.  The mean expectation of
seven analysts for the quarter was for earnings of 41 cents per
share. Wall Street expected results to range from 39 cents to 43
cents per share.
    * Revenue fell 30.5% to $442.29 million from a year ago;
analysts
expected $443.90 million. 
    * Cross Country Healthcare Inc's reported EPS for the
quarter was
36 cents​.
    * The company reported quarterly net income of $12.81
million.
    * Cross Country Healthcare Inc shares had fallen by 6.9%
this
quarter and lost 13.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and 1 "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 $24.00 
This summary was machine generated from LSEG data November 3 at
02:41 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.41           0.39           Missed
 Jun. 30 2023      0.61           0.69           Beat
 Mar. 31 2023      0.75           0.84           Beat
 Dec. 31 2022      0.89           1.09           Beat