
AMN Stock Forecast & Price Target
AMN Analyst Ratings
Bulls say
AMN Healthcare Services Inc reported second-quarter results with revenue of $658.2 million, which, despite a year-over-year decline of 11%, surpassed both the company’s and consensus estimates. The gross margin increased to 29.8%, exceeding the upper end of the company’s guidance range, and represents a sequential improvement of 120 basis points. Furthermore, the company has demonstrated a consistent track record of exceeding revenue and EBITDA estimates, with average surprises of +3% and +12%, respectively, contributing to a positive outlook for the stock.
Bears say
AMN Healthcare Services Inc reported a decline of 9% year-over-year in segment revenue for its nurse and allied solutions, despite exceeding estimates, while the gross margin also saw a slight decrease of 40 basis points sequentially. The company's overall segment revenue for this category dropped 14% year-over-year, reflecting challenges with average travelers on assignment down 3% quarter-over-quarter, and significant weaknesses in its vendor management system (VMS) revenue, which plummeted by 31% year-over-year. Additionally, while segment operating margin experienced a minor drop of 30 basis points quarter-over-quarter, it remains concerning that overall demand within the healthcare staffing sector appears to be weakening, amidst mixed performance across different revenue streams.
This aggregate rating is based on analysts' research of AMN Healthcare Services and is not a guaranteed prediction by Public.com or investment advice.
AMN Analyst Forecast & Price Prediction
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