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AMN Healthcare Services (AMN) Gains As Market Dips: What You Should Know
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In the latest trading session, AMN Healthcare Services (AMN - Free Report) closed at $111.66, marking a +0.1% move from the previous day. This move outpaced the S&P 500's daily loss of 1.03%. Meanwhile, the Dow lost 1.15%, and the Nasdaq, a tech-heavy index, added 0.37%.
Heading into today, shares of the health care staffing company had gained 7.67% over the past month, outpacing the Medical sector's loss of 0.28% and the S&P 500's loss of 3.51% in that time.
AMN Healthcare Services will be looking to display strength as it nears its next earnings release. In that report, analysts expect AMN Healthcare Services to post earnings of $2.33 per share. This would mark year-over-year growth of 34.68%. Our most recent consensus estimate is calling for quarterly revenue of $1.09 billion, up 24.74% from the year-ago period.
AMN's full-year Zacks Consensus Estimates are calling for earnings of $11.26 per share and revenue of $5.12 billion. These results would represent year-over-year changes of +40.22% and +28.53%, respectively.
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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection remained stagnant. AMN Healthcare Services is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, AMN Healthcare Services is holding a Forward P/E ratio of 9.9. This valuation marks a discount compared to its industry's average Forward P/E of 16.62.
Also, we should mention that AMN has a PEG ratio of 3.08. 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. The Medical Services was holding an average PEG ratio of 1.65 at yesterday's closing price.
The Medical Services industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% 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) Gains As Market Dips: What You Should Know
In the latest trading session, AMN Healthcare Services (AMN - Free Report) closed at $111.66, marking a +0.1% move from the previous day. This move outpaced the S&P 500's daily loss of 1.03%. Meanwhile, the Dow lost 1.15%, and the Nasdaq, a tech-heavy index, added 0.37%.
Heading into today, shares of the health care staffing company had gained 7.67% over the past month, outpacing the Medical sector's loss of 0.28% and the S&P 500's loss of 3.51% in that time.
AMN Healthcare Services will be looking to display strength as it nears its next earnings release. In that report, analysts expect AMN Healthcare Services to post earnings of $2.33 per share. This would mark year-over-year growth of 34.68%. Our most recent consensus estimate is calling for quarterly revenue of $1.09 billion, up 24.74% from the year-ago period.
AMN's full-year Zacks Consensus Estimates are calling for earnings of $11.26 per share and revenue of $5.12 billion. These results would represent year-over-year changes of +40.22% and +28.53%, respectively.
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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection remained stagnant. AMN Healthcare Services is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, AMN Healthcare Services is holding a Forward P/E ratio of 9.9. This valuation marks a discount compared to its industry's average Forward P/E of 16.62.
Also, we should mention that AMN has a PEG ratio of 3.08. 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. The Medical Services was holding an average PEG ratio of 1.65 at yesterday's closing price.
The Medical Services industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% 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.