AMN Healthcare Services Full Year 2023 Earnings: EPS Misses Expectations
AMN Healthcare Services (NYSE:AMN) Full Year 2023 Results
Key Financial Results
Revenue: US$3.79b (down 28% from FY 2022).
Net income: US$210.7m (down 53% from FY 2022).
Profit margin: 5.6% (down from 8.5% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: US$5.38 (down from US$9.96 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AMN Healthcare Services EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.9%.
Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Healthcare industry in the US are expected to grow by 6.5%.
Performance of the American Healthcare industry.
The company's shares are down 19% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with AMN Healthcare Services, and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
