AMN Healthcare Services Earnings: Here’s Why Shares are Up 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 up 0.73%.

AMN Healthcare Services Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 63.64% to $0.18 in the quarter versus EPS of $0.11 in the year-earlier quarter.

Revenue: Rose 7.68% to $253.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: AMN Healthcare Services Inc. reported adjusted EPS income of $0.18 per share. By that measure, the company beat the mean analyst estimate of $0.15. It beat the average revenue estimate of $253.68 million.

Quoting Management: “AMN’s solid execution in the second quarter resulted in year-over-year growth in revenue and gross margin across all business segments. We are particularly pleased with the improvements achieved in our Locum Tenens business and the very strong growth in Physician Permanent Placement. The benefit of our MSP leadership position enabled our Nurse and Allied segment to perform well, despite lower hospital census and a softer demand environment,” said Susan R. Salka, President and Chief Executive Officer of AMN Healthcare. “We continue to make good progress in AMN’s key strategic initiatives such as investments in innovative recruitment technologies, expansion of our workforce solutions offerings, and technology infrastructure improvements to create a better client experience and enable more efficient delivery of our services.”

Key Stats (on next page)…

Revenue increased 0.71% from $252.12 million in the previous quarter. EPS increased 12.5% from $0.16 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.15 and has not changed. For the current year, the average estimate has moved up from a profit of $0.60 to a profit of $0.61 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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