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AMN Healthcare Services (AMN) Gains As Market Dips: What You Should Know
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AMN Healthcare Services (AMN - Free Report) closed at $113.34 in the latest trading session, marking a +0.27% move from the prior day. This move outpaced the S&P 500's daily loss of 1.15%. Elsewhere, the Dow lost 0.71%, while the tech-heavy Nasdaq lost 0.13%.
Coming into today, shares of the health care staffing company had gained 0.52% in the past month. In that same time, the Medical sector lost 0.6%, while the S&P 500 gained 1.44%.
AMN Healthcare Services will be looking to display strength as it nears its next earnings release, which is expected to be August 4, 2022. On that day, AMN Healthcare Services is projected to report earnings of $2.96 per share, which would represent year-over-year growth of 80.49%. Our most recent consensus estimate is calling for quarterly revenue of $1.36 billion, up 58.83% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.41 per share and revenue of $5 billion. These totals would mark changes of +29.64% and +25.49%, respectively, from last year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AMN Healthcare Services currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, AMN Healthcare Services is holding a Forward P/E ratio of 10.86. For comparison, its industry has an average Forward P/E of 20.43, which means AMN Healthcare Services is trading at a discount to the group.
Also, we should mention that AMN has a PEG ratio of 9.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Medical Services stocks are, on average, holding a PEG ratio of 1.43 based on yesterday's closing prices.
The Medical Services industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 36% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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AMN Healthcare Services (AMN) Gains As Market Dips: What You Should Know
AMN Healthcare Services (AMN - Free Report) closed at $113.34 in the latest trading session, marking a +0.27% move from the prior day. This move outpaced the S&P 500's daily loss of 1.15%. Elsewhere, the Dow lost 0.71%, while the tech-heavy Nasdaq lost 0.13%.
Coming into today, shares of the health care staffing company had gained 0.52% in the past month. In that same time, the Medical sector lost 0.6%, while the S&P 500 gained 1.44%.
AMN Healthcare Services will be looking to display strength as it nears its next earnings release, which is expected to be August 4, 2022. On that day, AMN Healthcare Services is projected to report earnings of $2.96 per share, which would represent year-over-year growth of 80.49%. Our most recent consensus estimate is calling for quarterly revenue of $1.36 billion, up 58.83% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.41 per share and revenue of $5 billion. These totals would mark changes of +29.64% and +25.49%, respectively, from last year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AMN Healthcare Services currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, AMN Healthcare Services is holding a Forward P/E ratio of 10.86. For comparison, its industry has an average Forward P/E of 20.43, which means AMN Healthcare Services is trading at a discount to the group.
Also, we should mention that AMN has a PEG ratio of 9.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Medical Services stocks are, on average, holding a PEG ratio of 1.43 based on yesterday's closing prices.
The Medical Services industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 36% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.