Earnings Season Looms for Addus HomeCare: A Mixed Bag Ahead
Addus HomeCare met analysts' revenue expectations last quarter, reporting revenues of $289.8 million, up 7% year on year. However, the company's Q4 results are expected to be a mixed bag, with revenue growth slowing from the 11.9% increase it recorded in the same quarter last year. Analysts project revenue will grow just 4.7% year on year to $289.4 million.
- Addus HomeCare's earnings report may serve as a test case for investors' expectations of the healthcare providers & services segment, which has generally underperformed the broader market in recent months.
- As the semiconductor industry continues to evolve with generative AI, what implications do you think this shift will have on smaller, lesser-known players like Addus HomeCare?