Healthcare staffing company AMN Healthcare Services (NYSE: AMN) will be reporting earnings this Thursday after market hours. Here’s what to look for.
AMN Healthcare Services beat analysts’ revenue expectations last quarter, reporting revenues of $748.2 million, up 1.8% year on year. It was a satisfactory quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations but a significant miss of analysts’ EPS 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, the market is expecting AMN Healthcare Services’s revenue to grow 78.8% year on year, a reversal from the 16% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have 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.
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 delivered year-on-year revenue growth of 3.9%, beating analysts’ expectations by 2.6%, and The Ensign Group reported revenues up 18.4%, falling short of estimates by 8.4%. The Ensign Group traded down 1.6% 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 6.5% on average over the last month. AMN Healthcare Services is up 14.6% during the same time and is heading into earnings with an average analyst price target of $22.21 (compared to the current share price of $21.28).
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