We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AMN Healthcare Services (AMN) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, AMN Healthcare Services (AMN - Free Report) closed at $99.51, marking a +0.35% move from the previous day. This move lagged the S&P 500's daily gain of 2.44%. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 0.28%.
Heading into today, shares of the health care staffing company had lost 18.59% over the past month, lagging the Medical sector's loss of 12.92% and the S&P 500's loss of 9.65% in that time.
Investors will be hoping for strength from AMN Healthcare Services as it approaches its next earnings release, which is expected to be February 17, 2022. On that day, AMN Healthcare Services is projected to report earnings of $2.58 per share, which would represent year-over-year growth of 158%. Our most recent consensus estimate is calling for quarterly revenue of $1.28 billion, up 103.42% from the year-ago period.
It is also important to note the recent changes to analyst estimates for AMN Healthcare Services. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.51% higher within the past month. AMN Healthcare Services is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, AMN Healthcare Services is holding a Forward P/E ratio of 14.96. This valuation marks a discount compared to its industry's average Forward P/E of 22.57.
Meanwhile, AMN's PEG ratio is currently 0.92. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Medical Services stocks are, on average, holding a PEG ratio of 1.39 based on yesterday's closing prices.
The Medical Services industry is part of the Medical sector. This group has a Zacks Industry Rank of 185, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AMN Healthcare Services (AMN) Gains But Lags Market: What You Should Know
In the latest trading session, AMN Healthcare Services (AMN - Free Report) closed at $99.51, marking a +0.35% move from the previous day. This move lagged the S&P 500's daily gain of 2.44%. Elsewhere, the Dow gained 1.65%, while the tech-heavy Nasdaq added 0.28%.
Heading into today, shares of the health care staffing company had lost 18.59% over the past month, lagging the Medical sector's loss of 12.92% and the S&P 500's loss of 9.65% in that time.
Investors will be hoping for strength from AMN Healthcare Services as it approaches its next earnings release, which is expected to be February 17, 2022. On that day, AMN Healthcare Services is projected to report earnings of $2.58 per share, which would represent year-over-year growth of 158%. Our most recent consensus estimate is calling for quarterly revenue of $1.28 billion, up 103.42% from the year-ago period.
It is also important to note the recent changes to analyst estimates for AMN Healthcare Services. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.51% higher within the past month. AMN Healthcare Services is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, AMN Healthcare Services is holding a Forward P/E ratio of 14.96. This valuation marks a discount compared to its industry's average Forward P/E of 22.57.
Meanwhile, AMN's PEG ratio is currently 0.92. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Medical Services stocks are, on average, holding a PEG ratio of 1.39 based on yesterday's closing prices.
The Medical Services industry is part of the Medical sector. This group has a Zacks Industry Rank of 185, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.