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Why Cross Country Healthcare (CCRN) Could Be Positioned for a Surge
November 28, 2016

CCRN

Trades from $3

Cross Country Healthcare, Inc. (CCRN - Free Report) is a provider of healthcare staffing services that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CCRN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Cross Country Healthcare could be a solid choice for investors.

Current Quarter Estimates for CCRN

In the past 30 days, 2 estimates have gone higher for Cross Country Healthcare while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 19 cents a share 30 days ago, to 21 cents today, a move of 10.5%.

Current Year Estimates for CCRN

Meanwhile, Cross Country Healthcare’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 58 cents per share 30 days ago to 68 cents per share today, an increase of 17.2%.

CROSS COUNTRY Price and Consensus

 

CROSS COUNTRY Price and Consensus | CROSS COUNTRY Quote

Bottom Line

The stock has also started to move higher lately, adding 35.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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