AMN Healthcare shares fall 23.7% despite third-quarter earnings beat
The staffing firm’s stock dropped sharply on Monday, erasing gains from a quarterly report that saw revenue jump 13% and earnings surpass estimates.
The staffing firm’s stock dropped sharply on Monday, erasing gains from a quarterly report that saw revenue jump 13% and earnings surpass estimates. Published 2026-11-09 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Shares in AMN Healthcare Services Inc fell 23.68% on Monday, leaving the stock 26.1% below its 52-week high despite third-quarter results that exceeded analyst expectations. The decline was entirely company-specific, accounting for -23.8% of the total move, while the broader market rose 0.3% and the health care sector fell 0.1% on Friday.
Results beat but shares sink
AMN Healthcare Services reported third-quarter revenue that jumped 13%, according to MT Newswires. Zacks noted that both earnings and revenues surpassed estimates for the period. Simply Wall St. reported that the company’s strong results landed despite the market reaction.
Motley Fool published the transcript of the company’s earnings call on November 6. MarketBeat highlighted key points from that same call. GuruFocus.com also covered the earnings call highlights, noting the revenue growth.
The stock lost more than a fifth of its value in the latest session. The move was entirely company-specific, accounting for -23.8% of the total change. The broader market rose 0.3% and the health care sector fell 0.1% on Friday.
Analysts remain positive
Truist Securities adjusted its price target for AMN Healthcare to $45 from $40 on November 6. The firm maintained a Buy rating on the stock. This adjustment came before the sharp decline on Monday.
Simply Wall St. suggested the stock may be 22% undervalued based on its analysis. The firm also noted that the earnings beat might change the case for the stock. These views contrasted with the steep sell-off in the shares.
Volatility and context
Falling Shares rates the stock Unstable, with annualised volatility of 69.3%. This is significantly higher than the 13.7% benchmark for the S&P 500. The stock has seen 13 sessions with moves of 5% or more in the past six months.
Over the past year, shares have risen 75.4%. However, the 5-day change stands at -23.2%. The current price of $36.19 is well below the 52-week high of $49.62.
Recent volatility is 1.6 times its one-year norm, reaching 109% annualised. The stock’s price stability is classified as Unstable by Falling Shares’ measure. Almost all of the latest move was company-specific.