Benzinga | Nov 3, 2020 10:03AM EST

Earnings Preview for Cross Country Healthcare

On Wednesday, November 04, Cross Country Healthcare (NASDAQ: CCRN) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Cross Country Healthcare EPS will likely be near $0.03 while revenue will be around $174.58 million, according to analysts. In the same quarter last year, Cross Country Healthcare reported EPS of $0.05 on revenue of $209.20 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate when it reports Wednesday, earnings would be down 160.0%. Revenue would be down 16.55% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019EPS Estimate -0.03 -0.02 0.06 0.01EPS Actual 0.16 -0.01 0.07 0.05Revenue Estimate 198.89 M 210.01 M 208.22 M 202.65 MRevenue Actual 216.78 M 210.06 M 215.10 M 209.20 M

Stock Performance

Shares of Cross Country Healthcare were trading at $7.95 as of November 02. Over the last 52-week period, shares are down 34.44%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Cross Country Healthcare is scheduled to hold the call at 17:00:00 ET and can be accessed here.