Overview

* Addus Q3 net service revenues up 25% yr/yr to $362.3 mln

* Adjusted EPS for Q3 beats analyst expectations

* Adjusted EBITDA for Q3 beats analyst expectations

* Company completed Del Cielo acquisition on Oct 1, expanding Texas operations

Outlook

* Company anticipates positive impact from recent Texas rate increase

* Addus expects continued growth in hospice care business

* Company plans to leverage acquisitions for sustained success

Result Drivers

* PERSONAL CARE GROWTH - Personal care segment accounted for 76.1% of revenues, driven by acquisitions and rate increases in key markets

* HOSPICE REVENUE INCREASE - Hospice segment saw 19% organic revenue growth due to higher admissions and operational improvements

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.56 $1.53

Adjusted (10

EPS Analysts

)

Q3 Beat $28.7 $27.3

Adjusted mln mln (11

Net Analysts

Income )

Q3 Net $22.8

Income mln

Q3 Beat $45.1 $44.4

Adjusted mln mln (11

EBITDA Analysts

)

Q3 $51.3

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 $145.00, about 19.4% above its October 31 closing price of $116.89

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(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.)