Home healthcare provider Addus HomeCare (NASDAQ: ADUS) will be reporting results this Monday after market hours. Here’s what you need to know.
Addus HomeCare missed analysts’ revenue expectations last quarter, reporting revenues of $363.6 million, up 7.7% year on year. It was a slower quarter for the company, with a beat of analysts’ EPS estimates.
Is Addus HomeCare a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Addus HomeCare’s revenue to grow 7.7% year on year, slowing from the 21.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Addus HomeCare has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Addus HomeCare’s peers in the senior health, home health & hospice segment, some have already reported their Q2 results, giving us a hint as to what we can expect. BrightSpring Health Services delivered year-on-year revenue growth of 23%, beating analysts’ expectations by 5.9%, and Chemed reported revenues up 8.8%, topping estimates by 1.2%. Chemed traded up 4.2% following the results.
Read our full analysis of BrightSpring Health Services’s results here and Chemed’s results here.
Investors in the senior health, home health & hospice segment have had steady hands going into earnings, with share prices flat over the last month. Addus HomeCare is up 9.2% during the same time and is heading into earnings with an average analyst price target of $133 (compared to the current share price of $115.48).
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