AMN Healthcare Services Inc

AMN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$52.00	Bvnyhp	Hpsznlxnj

AMN Posts Solid Third Quarter; We Expect to Raise Our FVE With New Model

Debbie Wang , Matthew Sanders

Nov 4, 2022

AMN posted solid third-quarter results with operating income roughly in line with our estimates. Total revenue fell by 20% sequentially, though it is still 30% higher year over year as the healthcare labor shortage has deepened. We are planning to moderately raise our fair value estimate as we adjust our model to reflect the importance of healthcare labor dynamics over the coming decade.

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