Strength Seen in AMN Healthcare (AMN): Can Its 8.9% Jump Turn into More Strength?

AMN Healthcare Services (AMN) shares soared 8.9% in the last trading session to close at $46.82. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 26.8% gain over the past four weeks.

The sharp rise in AMN shares can be attributed to investor optimism about a recovery in healthcare staffing demand, supported by stronger-than-expected second-quarter 2026 results and improving demand for travel nurses and allied healthcare professionals. The stock's rally may also reflect momentum-driven buying following eight consecutive sessions of gains through October 22.

This health care staffing company is expected to post quarterly earnings of $0.22 per share in its upcoming report, which represents a year-over-year change of -43.6%. Revenues are expected to be $648.01 million, up 2.1% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For AMN Healthcare, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on AMN going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

AMN Healthcare is part of the Zacks Business - Services industry. ABM Industries (ABM), another stock in the same industry, closed the last trading session 3.1% higher at $53.88. ABM has returned 5.2% in the past month.

For ABM Industries, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.24. This represents a change of +40.9% from what the company reported a year ago. ABM Industries currently has a Zacks Rank of #3 (Hold).

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This article originally published on Zacks Investment Research (zacks.com).

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