Cross Country Healthcare (NASDAQ:CCRN) Updates Q4 2024 Earnings Guidance

Cross Country Healthcare (NASDAQ:CCRN) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.100-0.140 for the period, compared to the consensus EPS estimate of 0.130. The company issued revenue guidance of $300.0 million-$310.0 million, compared to the consensus revenue estimate of $319.1 million. Cross Country Healthcare also updated its Q4 guidance to $0.10-$0.14 EPS.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CCRN shares. Barrington Research dropped their price target on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Truist Financial cut their target price on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Finally, Benchmark cut their price target on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Cross Country Healthcare Stock Down 15.6 %

CCRN stock traded down $1.91 during midday trading on Friday, hitting $10.36. The company’s stock had a trading volume of 1,046,631 shares, compared to its average volume of 719,060. Cross Country Healthcare has a 12 month low of $10.35 and a 12 month high of $23.64. The company has a 50 day moving average of $12.94 and a two-hundred day moving average of $14.32. The firm has a market capitalization of $350.27 million, a price-to-earnings ratio of -207.16, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $315.12 million during the quarter, compared to analyst estimates of $310.05 million. Cross Country Healthcare had a positive return on equity of 5.27% and a negative net margin of 0.12%. On average, analysts anticipate that Cross Country Healthcare will post 0.52 earnings per share for the current fiscal year.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.