Cross Country Healthcare (CCRN) Q1 Earnings Top Estimates

Company Performance - Cross Country Healthcare (CCRN) reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of $0.04 per share, but down from $0.19 per share a year ago [1] - The earnings surprise for this quarter was 50%, while the previous quarter saw a negative surprise of -63.64% [2] - The company posted revenues of $293.41 million for the quarter, missing the Zacks Consensus Estimate by 3.67%, and down from $379.17 million year-over-year [3] Market Position - Cross Country shares have declined approximately 24.1% since the beginning of the year, compared to a decline of -4.7% for the S&P 500 [4] - The current Zacks Rank for Cross Country is 4 (Sell), indicating expectations of underperformance in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $306.93 million, and for the current fiscal year, it is $0.36 on revenues of $1.24 billion [8] - The staffing firms industry, to which Cross Country belongs, is currently ranked in the bottom 15% of over 250 Zacks industries, suggesting potential challenges ahead [9]