Back to top

Press Releases

Zacks Industry Outlook Highlights: Addus Home Care and LCA-Vision

ADUS

 ZacksTrade Now

For Immediate Release

Chicago, IL – August 19, 2013 – Today, Zacks Equity Research discusses the U.S. Outpatient and Home Care Industry, including Addus Home Care (ADUS - Snapshot Report)-Free Report) and LCA-Vision -Free Report).

Industry: Outpatient and Home Care Industry

Link: http://www.zacks.com/commentary/28613/Baby-Boom-an-Investor-Boon

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)-Free 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 -Free Report)
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%.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time!  Click here for your free subscription to Profit from the Pros.

Get the full Report on ADUS - FREE

Get the full Report on LCAV - FREE

 Follow us on Twitter:  http://twitter.com/zacksresearch

Join us on Facebook:  http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Please login to Zacks.com or register to post a comment.