Addus HomeCare Corporation ($ADUS) 2Q20 Earnings Preview

Addus HomeCare Corporation (NASDAQ:ADUS) provider of personal services to older adults and younger disabled, is reporting second quarter earnings results on Monday 10th August 2020, after market close.

The consensus estimates from Thomson Reuters are income of $ 0.49 per share.

For the full year, analysts predict revenues of $ 744.13 million, while looking forward to income of $ 2.67 per share.

Previous Quarter Performance

Addus HomeCare Corporation reported income for the first quarter of $ 0.77 per share, from the revenue of $ 190.20 million. The quarterly earnings contracted 10.53 percent compared with the same quarter last year. Street analysts expected Addus HomeCare Corporation to report income of $ 0.70 per share on revenue of $ 187.31 million for the first quarter. The bottom line results beat street analysts by $ 0.07 or 10.00 percent, at the same time, top line results outshined analysts by $ 2.89 million or 1.54 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of ADUS was $ 99.30, representing a 130.23 % increase from the 52 week low of $ 43.13 and a 5.03 % decrease over the 52 week high of $ 104.56.

The company has a market capital of $ 1.55 billion and is part of the Healthcare sector and Home Health Care industry.

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Recent Analyst recommendations
  • On 17th June 2020, maintained by Robert W. Baird at Outperform rating, with $ 100.00 target price.

Addus HomeCare Corporation provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates in three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living.

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