The earnings call presented a mixed outlook. While revenue and EBITDA exceeded expectations and there were signs of market stabilization, significant year-over-year revenue decline and gross margin pressure highlight ongoing challenges. Competitive pressures and high unfilled order rates remain concerns, though some segments like Language Services show promise.
Company Guidance
During the AMN Healthcare Q3 2024 earnings call, the company reported financial results that exceeded expectations, with revenue reaching $688 million, surpassing the upper end of their guidance range. Adjusted EBITDA was $74 million, exceeding analyst estimates. The company noted a stabilizing market with increasing demand for Travel Nurse Staffing and stable bill rates for clinicians, although unfilled orders rose from 9% to 14%. Nurse and Allied Solutions segment reported $399 million in revenue, a 4% increase over consensus, with a segment operating margin of 8.8%. The Physician and Leadership Solutions segment posted $181 million in revenue, and Technology and Workforce Solutions reported $108 million. For Q4, AMN projected revenue between $685 million and $705 million, with an adjusted EBITDA margin of 9.2% to 9.7%. The company anticipates margin pressures to subside as market conditions normalize.
Revenue and EBITDA Exceed Expectations
Third quarter revenue was $688 million, above the high end of guidance, and adjusted EBITDA was $74 million, surpassing consensus estimates.
Stabilizing Market Conditions
Signs of stabilization include increasing demand for Travel Nurse staffing and stable bill rates for clinicians.
Language Services Growth
Language Services revenue was $75 million, up 13% year-over-year, with expectations for continued growth as client ramp-ups resume.
Strong MSP Win Position
AMN moved to a net positive on the MSP win-loss board for 2024, highlighting improved competitive positioning.
---
AMN Healthcare Services (AMN) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
AMN Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2024
$40.92
$29.05
-29.01%
Aug 08, 2024
$62.21
$58.14
-6.54%
May 09, 2024
$60.85
$54.71
-10.09%
Feb 15, 2024
$77.63
$61.69
-20.53%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Amn Healthcare Services Inc (AMN) report earnings?
Amn Healthcare Services Inc (AMN) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Amn Healthcare Services Inc (AMN) earnings time?
Amn Healthcare Services Inc (AMN) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.