Addus HomeCare Corp. (NASDAQ:ADUS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Addus HomeCare Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 185.71% to $0.20 in the quarter versus EPS of $0.07 in the year-earlier quarter.
Revenue: Decreased 7.24% to $63 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Addus HomeCare Corp. reported adjusted EPS income of $0.20 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $62.14 million.
Quoting Management: Mark Heaney, President and Chief Executive Officer of Addus HomeCare, stated, “We feel good about our first quarter performance. Our Home & Community business has continued to demonstrate positive growth and we are pleased with the sale and transition of our Home Health business.”
Key Stats (on next page)…