AMN Healthcare Services Sees Q2 Revenue $730M-$750M Vs $776.83M Est.
Portfolio Pulse from Benzinga Newsdesk
AMN Healthcare Services projects Q2 2024 revenue to be between $730M-$750M, below the estimated $776.83M. The company anticipates a 24-26% year-over-year revenue decline, with significant drops in the Nurse and Allied Solutions segment (36-38%) and a 12% decrease in the Technology and Workforce Solutions segment. However, the Physician and Leadership Solutions segment is expected to grow by 10%. Financial forecasts include a gross margin of 30.7%-31.2%, operating margin of 3.0%-3.7%, and an adjusted EBITDA margin of 11.0%-11.5%.
May 09, 2024 | 11:40 pm
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NEGATIVE IMPACT
AMN Healthcare Services expects Q2 2024 revenue to be below estimates, with significant segment variations and overall financial metrics indicating a challenging quarter.
The projected revenue shortfall for AMN Healthcare Services in Q2 2024, especially when compared to analyst estimates, typically leads to negative investor sentiment in the short term. The significant decline in the Nurse and Allied Solutions segment, a key revenue driver, further exacerbates concerns. However, growth in the Physician and Leadership Solutions segment and detailed financial forecasts provide some mitigating factors. The overall negative outlook is based on the expected revenue miss and the mixed performance across segments.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100