AMN Healthcare Services (AMN) Stock

AMN Healthcare Services offers innovative staffing solutions like ShiftWise Flex and AMN Passport, enhancing efficiency and providing tools hospitals and clinics can't develop in-house. Despite recent revenue declines, AMN's historical profitability, positive cash flow, and strategic stock repurchases indicate a strong business model and potential undervaluation. Anticipated EPS growth, potential tax reductions, and continued technological advancements suggest significant upside, with fair value estimates around $42-$43 per share.

The Nurse & Allied sales declines are acute and material, but will eventually stop and grow over time. The market, however, seems to be pricing in extremely severe declines ahead. Coupled with that reality is an under-the-radar, growing Language services business the market appears to be missing. While capital allocation is a risk, AMN's price presents an intriguing risk/reward as I believe the market's pricing in more declines than economically likely with near-term data points corroborating this.

There's no bottom yet in medical staffing.

The stock price of AMN Healthcare, a healthcare workforce solutions and staffing services provider, plunged around 30% on Friday, November 8. Although the company reported an upbeat Q3, its margins contracted, which didn't sit well with the investors.

DALLAS, Nov. 11, 2024 (GLOBE NEWSWIRE) -- AMN Healthcare, the leader and innovator in total talent solutions for healthcare organizations, announces it has approved near and long-term science-based emissions reduction targets with the Science Based Targets initiative (SBTi), joining over 4,000 companies globally in the pursuit of net zero emissions. This decisive move underscores AMN Healthcare's dedication to sustainability and proactive measures against climate change.

AMN Healthcare Services, Inc. (NYSE:AMN ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Randall Reese - Senior Director, Investor Relations and Strategy Cary Grace - President and Chief Executive Officer Jeff Knudson - Chief Financial Officer Conference Call Participants Trevor Romeo - William Blair Mark Marco - Robert W. Baird A.J.

AMN Healthcare's dismal results in the majority of its segments led to a soft overall third-quarter performance.

Quarterly revenue of $688 million ; GAAP EPS of $0.18 and adjusted EPS of $0.61

AMN Healthcare (AMN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.