Yahoo Finance Cross Country Healthcare First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Cross Country Healthcare (NASDAQ:CCRN) First Quarter 2024 Results
Key Financial Results
Revenue: US$379.2m (down 39% from 1Q 2023).
Net income: US$2.69m (down 91% from 1Q 2023).
Profit margin: 0.7% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.079 (down from US$0.82 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cross Country Healthcare Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 51%.
Looking ahead, revenue is expected to decline by 6.7% p.a. on average during the next 3 years, while revenues in the Healthcare industry in the US are expected to grow by 6.7%.
Performance of the American Healthcare industry.
The company's shares are down 2.3% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Cross Country Healthcare (1 shouldn't be ignored!) that you need to take into consideration.
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