CCRN Earnings Prediction
The chart below shows how CCRN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CCRN sees a +3.86% change in stock price 10 days leading up to the earnings, and a -7.60% change 10 days following the report. On the earnings day itself, the stock moves by +0.55%. This data can give you a slight idea of what to expect for the next quarter's release.
CCRN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
315.12M
-28.75%
-7.26%
Gross Margin
18.93%
-9.81%
-2.67%
Operating Margin
1.22%
-74.10%
-131.85%
Net Margin
0.81%
-72.07%
-117.16%
EPS
0.08
-77.78%
-117.02%
No Data Available
CCRN Earnings Analysis
Cross Country Healthcare Inc Corporation (CCRN.O) Earnings Conference Call
Positive
Stable Revenue Outlook: 1. Strong Revenue Guidance: Cross Country Healthcare anticipates fourth quarter revenue between $300 million and $310 million, consistent with third quarter performance, indicating stability in their business operations.
Home Care Staffing Revenue Growth: 2. Home Care Staffing Growth: Home care staffing revenue increased by 13% year-over-year in Q3 2024, with expectations for continued mid-teens growth in Q4, reflecting strong demand for aging in place services.
Physician Staffing Revenue Growth: 3. Physician Staffing Expansion: The physician staffing segment reported a 10% year-over-year revenue increase, with an annual run rate exceeding $200 million, driven by growth in billable days and higher revenue per day.
Cost Reduction Achievements: 4. Cost Management Success: Selling, general, and administrative expenses decreased by 10% sequentially and 22% year-over-year, demonstrating effective cost management strategies that enhance operational efficiency.
Share Repurchase Initiative: 5. Share Repurchase Program: The company repurchased over 800,000 shares for approximately $12 million in Q3, reflecting a commitment to returning value to shareholders while maintaining a strong balance sheet.
Negative
Revenue Decline Analysis: 1. Declining Revenue: Consolidated revenue for Q3 2024 was $315 million, down 7% sequentially and 29% year-over-year, primarily due to declines in Travel, Nurse, and Allied segments.
Gross Margin Decline: 2. Gross Margin Compression: Gross profit for the quarter was $64 million, resulting in a gross margin of 20.4%, which is down 40 basis points sequentially and 160 basis points year-over-year, attributed to bill pay spread compression in the travel business.
Adjusted EBITDA Decline: 3. Adjusted EBITDA Decline: Adjusted EBITDA for Q3 2024 was $10 million, reflecting a margin of 3.3%, indicating a decline in operating leverage due to lower revenue and gross margin pressures.
Travel Segment Revenue Decline: 4. Travel Business Downturn: Revenue from the Travel segment decreased by 11% sequentially and 41% year-over-year, driven by a decline in professionals on assignment and normalization in bill rates.
Education Revenue Decline: 5. Education Segment Decline: The education business reported a revenue decrease of 6% year-over-year and 37% sequentially, primarily due to the timing of school calendars.
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CCRN Earning Call Sentiment
Cross Country Healthcare, Inc. (CCRN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CCRN.O
0.17%Positive
The earnings call reveals several challenges: revenue and gross profit declines, competitive pressures, and margin compression. Despite share repurchases, the financial performance is weak with declining revenue and pressured margins. The Q&A highlights concerns about margin pressures and unclear future guidance, indicating potential uncertainties. The market strategy and financial health ratings are negatively impacted by these factors, leading to an overall negative sentiment.