ADUS Overview

Growth Stock Investment: Investors are focusing on growth stocks like Addus HomeCare (ADUS) due to their potential for above-average earnings growth, with ADUS showing a projected EPS growth of 29.5% this year, significantly higher than the industry average of 19.9%.

Cash Flow Importance: Addus HomeCare demonstrates strong cash flow growth at 19.5% year-over-year, well above the industry average of 1.5%, which is crucial for funding new projects without relying on external financing.

Earnings Estimate Revisions: Positive trends in earnings estimate revisions for Addus HomeCare have contributed to its Zacks Rank of #2 (Buy) and a Growth Score of A, indicating strong potential for stock price appreciation.

Investment Recommendations: Zacks Investment Research highlights Addus HomeCare as a solid choice for growth investors, alongside other top stock picks that are expected to see significant gains in the near future.

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Earnings Performance: Addus HomeCare Corp. reported third-quarter earnings of $22.84 million, or $1.24 per share, an increase from $20.16 million, or $1.10 per share, in the same period last year.

Adjusted Earnings: The company’s adjusted earnings, excluding items, were $28.72 million or $1.56 per share, surpassing analysts' expectations of $1.53 per share.

Revenue Growth: Revenue for the quarter rose by 25.0% to $362.30 million, compared to $289.78 million in the previous year.

Analyst Expectations: The reported earnings and revenue exceeded market expectations, indicating strong financial performance for Addus HomeCare Corp. in the third quarter.