AMN Healthcare Services (AMN) closed the newest buying and selling day at $99.34, shifting +1.03% from the earlier buying and selling session. This change outpaced the S&P 500’s 0.22% achieve on the day. Meanwhile, the Dow misplaced 0.13%, and the Nasdaq, a tech-heavy index, added 0.22%.
Coming into at this time, shares of the well being care staffing firm had gained 12.26% up to now month. In that very same time, the Medical sector misplaced 5.2%, whereas the S&P 500 misplaced 10.02%.
Wall Street can be in search of positivity from AMN Healthcare Services because it approaches its subsequent earnings report date. In that report, analysts anticipate AMN Healthcare Services to submit earnings of $3 per share. This would mark year-over-year progress of 82.93%. Meanwhile, our newest consensus estimate is looking for income of $1.37 billion, up 59.67% from the prior-year quarter.
Looking on the full yr, our Zacks Consensus Estimates counsel analysts expect earnings of $10.46 per share and income of $5.02 billion. These totals would mark adjustments of +30.26% and +25.91%, respectively, from final yr.
Any current adjustments to analyst estimates for AMN Healthcare Services also needs to be famous by buyers. These revisions assist to indicate the ever-changing nature of near-term enterprise developments. As such, optimistic estimate revisions replicate analyst optimism in regards to the firm’s enterprise and profitability.
Our analysis reveals that these estimate adjustments are immediately correlated with near-term inventory costs. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate adjustments into consideration and delivers a transparent, actionable score mannequin.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a confirmed, outside-audited monitor document of outperformance, with #1 shares returning a mean of +25% yearly since 1988. Within the previous 30 days, our consensus EPS projection has moved 3.26% greater. AMN Healthcare Services is at present sporting a Zacks Rank of #1 (Strong Buy).
In phrases of valuation, AMN Healthcare Services is at present buying and selling at a Forward P/E ratio of 9.5. This valuation marks a reduction in comparison with its business’s common Forward P/E of 19.68.
Meanwhile, AMN’s PEG ratio is at present 8.56. This well-liked metric is much like the widely-known P/E ratio, with the distinction being that the PEG ratio additionally takes into consideration the corporate’s anticipated earnings progress charge. Medical Services shares are, on common, holding a PEG ratio of 1.58 primarily based on yesterday’s closing costs.
The Medical Services business is a part of the Medical sector. This business at present has a Zacks Industry Rank of 177, which places it within the backside 31% of all 250+ industries.
The Zacks Industry Rank gauges the energy of our particular person business teams by measuring the common Zacks Rank of the person shares inside the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
To observe AMN within the coming buying and selling classes, remember to make the most of Zacks.com.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the funding concepts mentioned above, would you prefer to learn about our 10 high picks for everything of 2022?
From inception in 2012 by means of 2021, the Zacks Top 10 Stocks portfolios gained a formidable +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed by means of 4,000 corporations coated by the Zacks Rank and has handpicked the very best 10 tickers to purchase and maintain. Don’t miss your likelihood to get in…as a result of the earlier you do, the extra upside you stand to seize.
AMN Healthcare Services Inc (AMN): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
