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Sep 30, 2020
Cross Country Healthcare Q3 2020 Earnings Report
Revenue decreased due to COVID-19 impacts, but the company made progress growing its businesses and advanced its digital transformation.
Key Takeaways
Cross Country Healthcare reported a decrease in revenue by 7% year-over-year and a net loss attributable to common shareholders of $1.3 million. The company's digital transformation remained on track with the successful deployment of a new applicant tracking system for its largest business.
Consolidated revenue was $194.0 million, a decrease of 7% year-over-year.
Consolidated gross profit margin was 24.7%, up 30 basis points year-over-year.
Net loss attributable to common shareholders was $1.3 million.
Adjusted EPS was $0.12 compared to $0.05 in the prior year.
Revenue by Segment
Forward Guidance
The company provided guidance for the fourth quarter of 2020 with revenue between $185 million and $195 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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