AMN Healthcare Services (NYSE:AMN) Announces Earnings Results, Beats Estimates By $0.93 EPS

AMN Healthcare Services (NYSE:AMN) posted its quarterly earnings results on Thursday. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.93, FiscalAI reports. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The firm had revenue of $717.27 million for the quarter, compared to analysts’ expectations of $649.55 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis.

Here are the key takeaways from AMN Healthcare Services’ conference call:

• AMN reported third-quarter revenue of $717 million, up 13% year over year, though growth was 6% excluding labor disruption activity. A favorable $51 million reserve adjustment materially boosted reported gross margin; adjusted EBITDA was $94 million.
• Nurse and Allied revenue grew 15% year over year excluding labor disruption activity, with travel nurse volume up 21% and allied volume up 12%. Management attributed the gains to stronger market demand and improved recruiting and placement execution, while noting that bill rates have yet to rise broadly.
• AMN forecast fourth-quarter revenue of $655 million–$670 million and adjusted EBITDA margin of 5.8%–6.3%; the year-over-year revenue decline largely reflects lower labor disruption revenue. Visa appointment delays are also expected to constrain international nurse placements into 2027, with a further sequential step-down anticipated after Q4.
• Technology and Workforce Solutions revenue fell 9% year over year, with language-services pricing down 9% and margin pressured by contract repricing. Management expects its lower-cost global interpreter model to support margin recovery in 2027; it also expects locums process and technology improvements to help return that business to growth next year.

AMN Healthcare Services Trading Down 24.6%

NYSE:AMN traded down $11.67 during mid-day trading on Friday, reaching $35.75. The company’s stock had a trading volume of 1,855,562 shares, compared to its average volume of 948,680. The stock has a market cap of $1.38 billion, a P/E ratio of 13.15, a P/E/G ratio of 1.57 and a beta of 0.42. AMN Healthcare Services has a twelve month low of $14.97 and a twelve month high of $49.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 1.13. The company’s fifty day simple moving average is $38.19 and its two-hundred day simple moving average is $29.07.

Key AMN Healthcare Services News

Here are the key news stories impacting AMN Healthcare Services this week:

• Positive Sentiment: Q3 results beat estimates: Adjusted EPS was $1.16 versus consensus of about $0.23, and revenue of $717.3 million exceeded the $649.6 million estimate. Revenue rose 13% year over year. AMN Healthcare Q3 results
• Positive Sentiment: Revenue guidance topped consensus: AMN forecast fourth-quarter 2026 revenue of $655 million–$670 million, above analysts’ $651.7 million estimate. Q3 results and outlook
• Positive Sentiment: Analyst turned more bullish: Citizens JMP raised its AMN price target from $40 to $51 and maintained a “market outperform” rating. Citizens JMP rating

Wall Street Analyst Weigh In

AMN has been the subject of several recent analyst reports. Truist Financial upped their price target on AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a report on Friday, August 14th. Weiss Ratings raised shares of AMN Healthcare Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Bank of America reiterated an “underperform” rating on shares of AMN Healthcare Services in a report on Friday. Finally, UBS Group increased their price target on AMN Healthcare Services from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $38.33.

About AMN Healthcare Services

AMN Healthcare Services, Inc is a healthcare workforce solutions and technology company that helps hospitals, health systems, medical practices and other healthcare organizations recruit, deploy and manage clinical and nonclinical personnel. The company operates through a portfolio of staffing, workforce management and language-services businesses.

Its services include temporary and permanent placement of registered nurses, allied healthcare professionals and physicians, as well as locum tenens staffing for doctors and advanced practice professionals.