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 (AMN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
AMN Healthcare Services (AMN - Free Report) reported $991.3 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 30.5%. EPS of $2.38 for the same period compares to $3.31 a year ago.
The reported revenue represents a surprise of +0.36% over the Zacks Consensus Estimate of $987.78 million. With the consensus EPS estimate being $2.15, the EPS surprise was +10.70%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how AMN Healthcare performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Physician and leadership solutions: $176.23 million compared to the $166.77 million average estimate based on four analysts. The reported number represents a change of +0.3% year over year.
Revenue- Nurse and allied solutions: $689.02 million versus $693.13 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -37.5% change.
Revenue- Technology and workforce solutions: $126.06 million versus $127.51 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -15.6% change.
Segment operating income- Nurse and allied solutions: $102.99 million versus $92.51 million estimated by two analysts on average.
Segment operating income- Technology and workforce solutions: $55.62 million compared to the $65.19 million average estimate based on two analysts.
Segment operating income- Physician and leadership solutions: $26.46 million versus $21.87 million estimated by two analysts on average.
Shares of AMN Healthcare have returned -0.8% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
AMN Healthcare (AMN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
AMN Healthcare Services (AMN - Free Report) reported $991.3 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 30.5%. EPS of $2.38 for the same period compares to $3.31 a year ago.
The reported revenue represents a surprise of +0.36% over the Zacks Consensus Estimate of $987.78 million. With the consensus EPS estimate being $2.15, the EPS surprise was +10.70%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how AMN Healthcare performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Physician and leadership solutions: $176.23 million compared to the $166.77 million average estimate based on four analysts. The reported number represents a change of +0.3% year over year.
- Revenue- Nurse and allied solutions: $689.02 million versus $693.13 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -37.5% change.
- Revenue- Technology and workforce solutions: $126.06 million versus $127.51 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -15.6% change.
- Segment operating income- Nurse and allied solutions: $102.99 million versus $92.51 million estimated by two analysts on average.
- Segment operating income- Technology and workforce solutions: $55.62 million compared to the $65.19 million average estimate based on two analysts.
- Segment operating income- Physician and leadership solutions: $26.46 million versus $21.87 million estimated by two analysts on average.
View all Key Company Metrics for AMN Healthcare here>>>Shares of AMN Healthcare have returned -0.8% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.