Healthcare staffing company AMN Healthcare Services (NYSE:AMN) will be reporting results this Thursday after market close. Here’s what to look for.
AMN Healthcare Services beat analysts’ revenue expectations last quarter, reporting revenues of $1.38 billion, up 99.9% year on year. It was an exceptional quarter for the company, with a beat 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 decline 4.5% year on year, improving from the 11.1% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 Q2 results, giving us a hint as to what we can expect. Pediatrix Medical Group delivered year-on-year revenue growth of 4%, beating analysts’ expectations by 2.1%, and The Ensign Group reported revenues up 10.7%, falling short of estimates by 7.9%. The Ensign Group traded up 5.9% following the results.
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 up 1.4% on average over the last month. AMN Healthcare Services is down 7.1% during the same time and is heading into earnings with an average analyst price target of $31.86 (compared to the current share price of $33.24).
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