Healthcare staffing company AMN Healthcare Services (NYSE: AMN) will be reporting earnings tomorrow after market hours. Here’s what you need to know.
AMN Healthcare Services beat analysts’ revenue expectations by 5.8% last quarter, reporting revenues of $734.7 million, down 10.2% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates.
Is AMN Healthcare Services a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting AMN Healthcare Services’s revenue to decline 18.4% year on year to $670.1 million, improving from the 27.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.21 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AMN Healthcare Services has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.5% on average.
Looking at AMN Healthcare Services’s peers in the healthcare providers & services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Pediatrix Medical Group’s revenues decreased 7.4% year on year, beating analysts’ expectations by 1.6%, and The Ensign Group reported revenues up 16.1%, in line with consensus estimates. The Ensign Group’s stock price was unchanged following the results.
Read our full analysis of Pediatrix Medical Group’s results here and The Ensign Group’s results here.
There has been positive sentiment among investors in the healthcare providers & services segment, with share prices up 5.9% on average over the last month. AMN Healthcare Services is up 2.3% during the same time and is heading into earnings with an average analyst price target of $28.57 (compared to the current share price of $19.91).
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