
AMN Stock Forecast & Price Target
AMN Analyst Ratings
Bulls say
AMN Healthcare Services Inc reported second quarter results featuring revenue of $658.2 million, which, despite a year-over-year decline of 11%, surpassed both the company's estimate and consensus expectations. The company achieved a gross margin of 29.8%, reflecting a sequential increase of 120 basis points and exceeding its previous guidance of 28.5-29.0%. Additionally, AMN's ability to consistently surpass revenue and EBITDA estimates, delivering an average surprise of +3% and +12% respectively over the past four quarters, reinforces a positive outlook for its financial performance.
Bears say
AMN Healthcare Services Inc reported a significant decline in segment revenues, with nurse and allied solutions down 9% year-over-year and physician leadership solutions down 14% year-over-year, indicating challenges in their core staffing segments. The company experienced a drop in operating margins, falling to 7.5%, alongside a decrease in the number of average travelers on assignment by 3% quarter-over-quarter, which was below projections. Furthermore, a stark 31% year-over-year decline in VMS revenue underscores a weakening demand for their services, raising concerns about the company's future growth prospects.
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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