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Will Cross Country Healthcare (CCRN) Beat on Q2 Earnings?
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Cross Country Healthcare, Inc. (CCRN - Free Report) will report second-quarter 2019 results on Jul 31, after the bell.
In the first quarter, the company delivered a positive earnings surprise of 166.7%. It has a trailing four-quarter average positive surprise of 4.2%.
We observe that the company's shares have gained 29.8% year to date, outperforming the 21.3% rally of the industry it belongs to.
How Things are Shaping Up
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $199.5 million, indicating year-over-year decline of 2.5%. The expected decline is likely to be due to lower volumes across all three segments. The consensus estimate indicates a respective 1.1%, 14.5% and 7.9% year-over-year decline for Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services segments.
In the first quarter, Cross Country’s revenues of $195.2 million declined 7.2% year over year.
The company is expected to incur loss of a penny in the to-be-reported quarter on lower revenues and higher expenses. It incurred earnings of 5 cents per share in the first quarter of 2019.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Cross Country Healthcare has a Zacks Rank #2 and an Earnings ESP of 0.00%.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on second-quarter 2019 earnings:
Clean Harbors (CLH - Free Report) has an Earnings ESP of +3.23% and a Zacks Rank #3. The company is slated to report results on Jul 31.
Green Dot (GDOT - Free Report) has an Earnings ESP of +0.89% and a Zacks Rank #3. The company is slated to release results on Aug 7.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
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Will Cross Country Healthcare (CCRN) Beat on Q2 Earnings?
Cross Country Healthcare, Inc. (CCRN - Free Report) will report second-quarter 2019 results on Jul 31, after the bell.
In the first quarter, the company delivered a positive earnings surprise of 166.7%. It has a trailing four-quarter average positive surprise of 4.2%.
We observe that the company's shares have gained 29.8% year to date, outperforming the 21.3% rally of the industry it belongs to.
How Things are Shaping Up
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $199.5 million, indicating year-over-year decline of 2.5%. The expected decline is likely to be due to lower volumes across all three segments. The consensus estimate indicates a respective 1.1%, 14.5% and 7.9% year-over-year decline for Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services segments.
In the first quarter, Cross Country’s revenues of $195.2 million declined 7.2% year over year.
The company is expected to incur loss of a penny in the to-be-reported quarter on lower revenues and higher expenses. It incurred earnings of 5 cents per share in the first quarter of 2019.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Cross Country Healthcare has a Zacks Rank #2 and an Earnings ESP of 0.00%.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on second-quarter 2019 earnings:
S&P Global (SPGI - Free Report) has an Earnings ESP of +0.94% and a Zacks Rank #2. The company is slated to report results on Aug 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Clean Harbors (CLH - Free Report) has an Earnings ESP of +3.23% and a Zacks Rank #3. The company is slated to report results on Jul 31.
Green Dot (GDOT - Free Report) has an Earnings ESP of +0.89% and a Zacks Rank #3. The company is slated to release results on Aug 7.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
See 7 breakthrough stocks now>>