AMN Healthcare Services (AMN) Q1 Earnings and Revenues Surpass Estimates

Core Insights - AMN Healthcare Services reported quarterly earnings of $0.97 per share, exceeding the Zacks Consensus Estimate of $0.93 per share, but down from $2.49 per share a year ago, indicating a significant year-over-year decline [1] - The company achieved revenues of $820.88 million for the quarter, surpassing the Zacks Consensus Estimate by 0.73%, but down from $1.13 billion in the same quarter last year [1] - AMN Healthcare has consistently surpassed consensus EPS and revenue estimates over the last four quarters [1] Earnings Performance - The earnings surprise for the recent quarter was 4.30%, and the company also delivered a surprise of 4.76% in the previous quarter [1] - The current consensus EPS estimate for the upcoming quarter is $0.90, with expected revenues of $777.49 million, while the estimate for the current fiscal year is $3.86 on $3.16 billion in revenues [4] Stock Performance and Outlook - AMN Healthcare shares have declined approximately 19.5% since the beginning of the year, contrasting with the S&P 500's gain of 8.8% [2] - The estimate revisions trend for AMN Healthcare is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] Industry Context - The Medical Services industry, to which AMN Healthcare belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a relatively strong position within the sector [5] - Another company in the Medical sector, Cue Health Inc., is expected to report a quarterly loss of $0.40 per share, reflecting a year-over-year change of +16.7%, with revenues anticipated to be $10.16 million, down 59% from the previous year [5][6]