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Earnings Preview: AMN Healthcare Services (AMN) Q3 Earnings Expected to Decline

Company Overview - AMN Healthcare Services (AMN) is expected to report a year-over-year decline in earnings due to lower revenues for the quarter ended September 2024 [1] - The consensus EPS estimate for AMN is $0.58, reflecting a significant year-over-year decrease of 70.6% [3] - Revenues are projected to be $670.08 million, down 21.5% from the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has been revised 8.09% lower in the last 30 days, indicating a bearish sentiment among analysts [4] - The Most Accurate Estimate for AMN is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -3.11% [10] - AMN currently holds a Zacks Rank of 4, suggesting a less favorable outlook for beating the consensus EPS estimate [10] Historical Performance - In the last reported quarter, AMN Healthcare exceeded the expected earnings of $0.75 per share, actually posting $0.98, which was a surprise of +30.67% [11] - Over the past four quarters, AMN has consistently beaten consensus EPS estimates [12] Industry Comparison - Cencora (COR), another player in the Zacks Medical Services industry, is expected to report earnings per share of $3.21 for the same quarter, indicating a year-over-year increase of 12.2% [16] - Cencora's revenues are anticipated to be $77.68 billion, up 12.7% from the previous year [16] - Cencora has a higher Most Accurate Estimate leading to an Earnings ESP of 0.39%, combined with a Zacks Rank of 3, suggesting a likely beat of the consensus EPS estimate [17]