Overview

* Addus Q2 net service rev grows 21.8% yr/yr to $349.4 mln

* Adjusted EPS for Q2 beats analyst expectations, per LSEG data

* Co acquires Helping Hands Home Care to expand Pennsylvania operations

Outlook

* Addus sees robust demand for home-based care services

* Company plans to capitalize on growth opportunities in key markets

* Company maintains conservative balance sheet to support future acquisitions

Result Drivers

* ORGANIC GROWTH - Personal care segment saw 7.4% organic revenue growth, aided by state rate increases and strong hiring trends

* ACQUISITION IMPACT - Revenue growth includes contributions from acquired Gentiva operations

* HOSPICE SEGMENT - Hospice care segment delivered 10% organic revenue growth, driven by higher average daily census and revenue per patient day

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.49 $1.47

Adjusted (11

EPS Analysts

)

Q2 Beat $27.30 $26.50

Adjusted mln mln (10

Net Analysts

Income )

Q2 Net $22.10

Income mln

Q2 Beat $43.90 $43.10

Adjusted mln mln (11

EBITDA Analysts

)

Q2 $22.50

Operatin mln

g Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the healthcare facilities & services peer group is "buy"

* Wall Street's median 12-month price target for Addus Homecare Corp ( ADUS ) is $140.00, about 25% above its August 1 closing price of $104.96

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)