For its second fiscal quarter (ending June 30), Addus HomeCare Corp (NASDAQ: ADUS) has reported a 18% increase in E.P.S. from $0.93 a year ago to $1.10 in the current quarter. However, this performance was $-0.12 short of the consensus estimate of $1.22. E.P.S. were $4.24 for the latest four quarters through June 30 versus $3.38 for the same period a year ago — an increase of 25%.
Recent Price Action
Addus HomeCare Corp (NASDAQ: ADUS) stock declined by -2.2% on 8/5/24. The shares closed at $117.71. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.7% during the last week.
Current PriceTarget Research Rating
ADUS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Addus HomeCare has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Addus HomeCare has a slightly negative Appreciation Score of 35 but a very high Power Rating of 87, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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