Introduction
Cross Country Healthcare, Inc. (CCRN) is one of the largest providers of healthcare staffing services, offering travel-nurse staffing, physician staffing and human capital management services. New CEO Kevin Clark is focusing on use of technology, leadership changes, and cost reductions, as the company looks to get back on track. CCRN has greatly underperformed both the healthcare sector and the overall market, creating an attractive entry point for this turnaround story.
Earnings Update
CCRN reported Q4 2018 non-GAAP EPS of $0.00 vs estimates of $0.04/$0.03 and prior guidance of $0.02-0.04.