AMN Healthcare Services Sees Q1 Revenue $810M-$830M Vs $835.02M Est.
Portfolio Pulse from Benzinga Newsdesk
AMN Healthcare Services projects Q1 2024 revenue to be between $810M-$830M, below the estimated $835.02M. The company anticipates a significant year-over-year decline in revenue, with the Nurse and Allied Solutions segment expected to decrease by 36-38%, while the Physician and Leadership Solutions segment is projected to grow by 11-14%. The Technology and Workforce Solutions segment is expected to see an 18-20% decline. Other financial metrics include a gross margin of 31.0%-31.5%, operating margin of 4.2%-4.9%, and an adjusted EBITDA margin of 11.2%-11.7%.
February 16, 2024 | 2:08 pm
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AMN Healthcare Services anticipates lower Q1 2024 revenue than expected, with mixed performance across its segments.
The projected revenue shortfall compared to estimates and the significant decline in key segments such as Nurse and Allied Solutions could negatively impact investor sentiment and stock price in the short term. However, growth in the Physician and Leadership Solutions segment may offset some concerns.
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