AMN Healthcare Services Earnings: Here’s Why Shares are Down Now

AMN Healthcare Services Inc. (NYSE:AHS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.16%.

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AMN Healthcare Services Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 128.57% to $0.16 in the quarter versus EPS of $0.07 in the year-earlier quarter.

Revenue: Rose 11.35% to $252.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AMN Healthcare Services Inc. reported adjusted EPS income of $0.16 per share. By that measure, the company beat the mean analyst estimate of $0.13. It beat the average revenue estimate of $247.86 million.

Quoting Management: “AMN’s first quarter performance, with year-over-year revenue growth and improved operating leverage across all business segments, was driven by the team’s strong execution and solid market demand trends,” said Susan R. Salka, President and Chief Executive Officer of AMN Healthcare. “As our clients continue to navigate through the transformational trends in healthcare, our clear position as the leader in delivering innovative workforce solutions is enabling AMN to be a more strategic partner. Our pipeline of MSP opportunities remains strong, and we anticipate continued MSP penetration across the nursing, allied and locum tenens staffing markets.”

Key Stats (on next page)…

Revenue increased 1.72% from $247.84 million in the previous quarter. EPS increased 6.67% from $0.15 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.14 to a profit $0.15. For the current year, the average estimate has moved up from a profit of $0.54 to a profit of $0.57 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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