Cross ntry Healthcare(US:CCRN) ZACKS·2024-11-06 23:45Core Viewpoint - Cross Country Healthcare (CCRN) reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.10 per share, but down from $0.39 per share a year ago [1][2] Earnings Performance - The quarterly earnings surprise was 20%, with the company previously expected to earn $0.14 per share but actually earning $0.10, resulting in a surprise of -28.57% [2] - Over the last four quarters, Cross Country has surpassed consensus EPS estimates three times [2] Revenue Analysis - The company posted revenues of $315.12 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.63%, but down from $442.29 million year-over-year [3] - Cross Country has topped consensus revenue estimates four times over the last four quarters [3] Stock Performance and Outlook - Cross Country shares have declined approximately 49.4% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [4] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes [5] Estimate Revisions - The estimate revisions trend for Cross Country is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7] - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $318.44 million, and $0.52 on revenues of $1.35 billion for the current fiscal year [8] Industry Context - The Staffing Firms industry, to which Cross Country belongs, is currently ranked in the bottom 18% of over 250 Zacks industries, suggesting potential challenges ahead [9]