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AMN Healthcare Services (AMN) Dips More Than Broader Markets: What You Should Know
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AMN Healthcare Services (AMN - Free Report) closed at $120.64 in the latest trading session, marking a -0.13% move from the prior day. This move lagged the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq lost 0.3%.
Heading into today, shares of the health care staffing company had gained 8.6% over the past month, outpacing the Medical sector's gain of 4.74% and the S&P 500's gain of 5.76% in that time.
AMN Healthcare Services will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.25, up 125% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.14 billion, up 80.8% from the year-ago period.
Any recent changes to analyst estimates for AMN Healthcare Services should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. AMN Healthcare Services currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, AMN Healthcare Services is currently trading at a Forward P/E ratio of 18.86. Its industry sports an average Forward P/E of 26.66, so we one might conclude that AMN Healthcare Services is trading at a discount comparatively.
It is also worth noting that AMN currently has a PEG ratio of 1.16. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Medical Services industry currently had an average PEG ratio of 1.64 as of yesterday's close.
The Medical Services industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 171, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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AMN Healthcare Services (AMN) Dips More Than Broader Markets: What You Should Know
AMN Healthcare Services (AMN - Free Report) closed at $120.64 in the latest trading session, marking a -0.13% move from the prior day. This move lagged the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq lost 0.3%.
Heading into today, shares of the health care staffing company had gained 8.6% over the past month, outpacing the Medical sector's gain of 4.74% and the S&P 500's gain of 5.76% in that time.
AMN Healthcare Services will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.25, up 125% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.14 billion, up 80.8% from the year-ago period.
Any recent changes to analyst estimates for AMN Healthcare Services should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. AMN Healthcare Services currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, AMN Healthcare Services is currently trading at a Forward P/E ratio of 18.86. Its industry sports an average Forward P/E of 26.66, so we one might conclude that AMN Healthcare Services is trading at a discount comparatively.
It is also worth noting that AMN currently has a PEG ratio of 1.16. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Medical Services industry currently had an average PEG ratio of 1.64 as of yesterday's close.
The Medical Services industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 171, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.