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Cross Country (CCRN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
CCRNCross ntry Healthcare(CCRN) ZACKS·2024-11-07 02:00

Core Insights - Cross Country Healthcare (CCRN) reported a revenue of 315.12millionforthequarterendedSeptember2024,reflectingadeclineof28.8315.12 million for the quarter ended September 2024, reflecting a decline of 28.8% year-over-year, while EPS was 0.12 compared to 0.39inthesamequarterlastyear[1]−TherevenueexceededtheZacksConsensusEstimateof0.39 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of 310.05 million by 1.63%, and the EPS surpassed the consensus estimate of 0.10by200.10 by 20% [1] Financial Performance Metrics - Nurse and allied staffing FTEs were reported at 7,660, slightly below the estimated 7,692 [3] - Physician staffing metrics showed days filled in HRS at 24,424, exceeding the average estimate of 18,841 [3] - Revenue per day filled for physician staffing was 2,058, higher than the estimated 1,889[3]−AveragerevenueperFTEperdayfornurseandalliedstaffingwas1,889 [3] - Average revenue per FTE per day for nurse and allied staffing was 373, slightly above the estimated 370.50[3]−Revenuefromphysicianstaffingwas370.50 [3] - Revenue from physician staffing was 50.27 million, surpassing the estimated 48.26million,markinga1048.26 million, marking a 10% increase year-over-year [3] - Revenue from nurse and allied staffing was 264.85 million, compared to the estimated $261.73 million, but represented a significant decline of 33.2% year-over-year [3] Stock Performance - Cross Country's shares have decreased by 7.6% over the past month, contrasting with a 0.7% increase in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]