Addus HomeCare Earnings: Everything You Must Know Now
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)…
Revenue increased 79.49% from $35.1 million in the previous quarter. EPS decreased 42.86% from $0.35 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.16 to a profit $0.18. For the current year, the average estimate has moved up from a profit of $0.69 to a profit of $0.85 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)