Healthcare staffing company AMN Healthcare Services (NYSE: AMN) will be reporting results this Thursday after market close. Here’s what to expect.
AMN Healthcare Services beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $658.2 million, down 11.1% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a narrow beat of analysts’ revenue estimates.
Is AMN Healthcare Services a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting AMN Healthcare Services’s revenue to decline 10.1% year on year to $618 million, improving from the 19.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 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 1.8% on average.
Looking at AMN Healthcare Services’s peers in the healthcare providers & services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Pediatrix Medical Group’s revenues decreased 3.6% year on year, beating analysts’ expectations by 3.2%, and The Ensign Group reported revenues up 19.8%, topping estimates by 1.3%. Pediatrix Medical Group traded up 26.2% following the results while The Ensign Group’s stock price was unchanged.
Read our full analysis of Pediatrix Medical Group’s results here and The Ensign Group’s results here.
Investors in the healthcare providers & services segment have had steady hands going into earnings, with share prices flat over the last month. AMN Healthcare Services’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $20.57 (compared to the current share price of $19.70).
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