Surging Earnings Estimates Signal Good News for AMN Healthcare Services (AHS)
8:41 am ET November 12, 2015 (Zacks) Print
AMN Healthcare Services Inc. AHS is a firm in the Medical Services space that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AHS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that AMN Healthcare Services could be a solid choice for investors.
Current Quarter Estimates for AHS
In the past 30 days, 3 estimates have gone higher for AMN Healthcare Services while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 32 cents a share 30 days ago, to 41 cents a share today, a move of 28.1%.
Current Year Estimates for AHS
Meanwhile, AMN Healthcare Services’ current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.36 per share 30 days ago to $1.58 per share today, an increase of 16.2%.
Bottom Line
The stock has also started to move higher lately, adding 6.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
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AMN HLTHCR SVCS (AHS): Free Stock Analysis Report
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