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Zacks Industry Rank Analysis

Baby Boom an Investor Boon?

Millions of Americans, commonly identified by their number and youth, are now facing the challenges of age.  Yes, the “baby boomers” are far from the babies they once were, and their needs are having an economic impact on the health care industry.

Specifically, the Outpatient and Home Care Industry is seeing revitalization as many seniors seek solutions which help with the challenges they face.  Gaining 68 positions last week, this sector of 16 companies now sits at a Zack’s Industry Rank of #39 out of 260 industries.  These businesses have recently seen 33 positive earnings estimate revisions compared to 13 negative revisions, averaging a positive Earnings per Share (EPS) surprise of +35%.  

Adding to the sheer volume of elderly is the rising age to which the population is living.  With life expectancy topping 80 years and climbing, the amount of time individuals may be in need of these services is also a factor in the sector’s growth.

Both of the following service providers have been upgraded this week to a Zacks Rank #1 (Strong Buy). An upgrade in rank from a Buy or Hold to a Strong Buy demonstrates that a given stock may be gaining value following future positive earnings estimate revisions.  By combining specific stock performance with perspective related to the industry as a whole, these movements may provide investors with additional insight into their portfolio.  Each of these stocks also hold a long-term Zacks “Outperform” rating.

And these companies know, taking care of others means taking care of business.

Addus Home Care (ADUS - Snapshot Report)

ADDUS was upgraded to a Zacks Rank #1 (Strong Buy) last week from #2 (Buy).  Its next expected earnings report is on November 7, 2013.
Addus Home Care is a comprehensive provider of a broad range of social and medical services in the home. The company's services include personal care and assistance with activities of daily living, skilled nursing and rehabilitative therapies, and adult day care. Its consumers are individuals with special needs who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled.  Adding to its outlook are existing relationships with federal, state and local governmental agencies, the Veterans Health Administration, commercial insurers and private individuals.

ADUS’s most recent quarterly earnings surprise was +15%.

LCA-Vision (LCAV)

LCAV is a Zacks Rank #1 (Strong Buy).  It moved up from a Zacks Rank #2 (Buy) just last week.  This company reports quarterly earnings on October 29, 2013.

LCA-Vision Inc., a leading provider of laser vision correction services, owns and operates 58 LasikPlus vision centers in the United States.  While declines in annual procedures numbers are important to watch, cost cutting measures and increases in efficiency have increased profits per procedure, boosting earnings.

LCAV’s most recent earnings surprise was strong +118%. 

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Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

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QIHOO 360 T… QIHU 95.04 +4.95%
PILGRIM'S P… PPC 31.52 +3.72%
CLAYTON WIL… CWEI 138.97 +3.55%
CALLON PETE… CPE 11.50 +3.14%
ACTELION LT… ALIOF 124.80 +2.97%