AMN Healthcare Services (AMN) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $1.32 per share a year ago.
Here is a sneak peek into how three MedTech stocks, GKOS, ITGR and AMN, are expected to fare in their quarterly results, slated to be released tomorrow.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for AMN Healthcare (AMN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Shares have tumbled to new 5-year lows.
AMN Healthcare Services offers innovative staffing solutions like ShiftWise Flex and AMN Passport, enhancing efficiency and providing tools hospitals and clinics can't develop in-house. Despite recent revenue declines, AMN's historical profitability, positive cash flow, and strategic stock repurchases indicate a strong business model and potential undervaluation. Anticipated EPS growth, potential tax reductions, and continued technological advancements suggest significant upside, with fair value estimates around $42-$43 per share.
The Nurse & Allied sales declines are acute and material, but will eventually stop and grow over time. The market, however, seems to be pricing in extremely severe declines ahead. Coupled with that reality is an under-the-radar, growing Language services business the market appears to be missing. While capital allocation is a risk, AMN's price presents an intriguing risk/reward as I believe the market's pricing in more declines than economically likely with near-term data points corroborating this.
There's no bottom yet in medical staffing.
The stock price of AMN Healthcare, a healthcare workforce solutions and staffing services provider, plunged around 30% on Friday, November 8. Although the company reported an upbeat Q3, its margins contracted, which didn't sit well with the investors.
AMN Healthcare Services, Inc. (NYSE:AMN ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Randall Reese - Senior Director, Investor Relations and Strategy Cary Grace - President and Chief Executive Officer Jeff Knudson - Chief Financial Officer Conference Call Participants Trevor Romeo - William Blair Mark Marco - Robert W. Baird A.J.
AMN Healthcare's dismal results in the majority of its segments led to a soft overall third-quarter performance.
Although the revenue and EPS for AMN Healthcare (AMN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
AMN Healthcare Services (AMN) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $1.97 per share a year ago.