Seeking Clues to AMN Healthcare (AMN) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
The upcoming report from AMN Healthcare Services (AMN) is expected to reveal quarterly earnings of $0.22 per share, indicating a decline of 70.7% compared to the year-ago period. Analysts forecast revenues of $723.87 million, representing a decline of 1.5% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific AMN Healthcare metrics that are routinely monitored and predicted by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue- Physician and leadership solutions' should come in at $168.50 million. The estimate points to a change of -2.7% from the year-ago quarter.
The consensus estimate for 'Revenue- Nurse and allied solutions' stands at $465.36 million. The estimate indicates a year-over-year change of +2.4%.
The collective assessment of analysts points to an estimated 'Revenue- Technology and workforce solutions' of $89.97 million. The estimate indicates a year-over-year change of -15.9%.
The average prediction of analysts places 'Segment operating income- Nurse and allied solutions' at $32.42 million. The estimate is in contrast to the year-ago figure of $38.93 million.
Analysts forecast 'Segment operating income- Technology and workforce solutions' to reach $29.93 million. Compared to the current estimate, the company reported $40.28 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Segment operating income- Physician and leadership solutions' will likely reach $13.80 million. The estimate is in contrast to the year-ago figure of $17.03 million.
View all Key Company Metrics for AMN Healthcare here>>>Over the past month, AMN Healthcare shares have recorded returns of -14.6% versus the Zacks S&P 500 composite's -1.4% change. Based on its Zacks Rank #4 (Sell), AMN will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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This article originally published on Zacks Investment Research (zacks.com).
