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Can Cross Country Healthcare (CCRN) Continue to Surge?

Zacks Equity Research

One company that should be on your radar is Cross Country Healthcare Inc. (CCRN). The stock of this staffing and outsourcing services provider has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For CCRN’s full year estimate, we have seen 2 estimates go higher in the past 60 days and no downward movement of estimates was observed during the same time period. This trend has helped the consensus estimate to trend higher, narrowing from loss of 4 cents a share two months ago to its current level at earnings of 2 cents.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, TSLA has seen some pretty solid trading lately, as the company has moved higher by 19.9% in the past month.

If Cross Country Healthcare can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put CCRN on your watch list for the future.

Other top-ranked stocks worth considering in this space include ManpowerGroup Inc. (MAN), CTPartners Executive Search Inc. (CTP) and On Assignment Inc. (ASGN). While ManpowerGroup carries a Zacks Rank #1(Strong Buy), CTPartners and On Assignment carry the same Zacks Rank as Cross Country Healthcare.

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CROSS COUNTRY INC (CCRN): Free Stock Analysis Report

Zacks Investment Research