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Why Addus HomeCare (ADUS) Could Be Positioned for a Surge
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Addus HomeCare Corporation (ADUS - Free Report) , a provider of professional and reliable in-home care services, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ADUS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Addus HomeCare could be a solid choice for investors.
Current Quarter Estimates for ADUS
In the past 30 days, 1 estimate have gone higher for Addus HomeCare while no estimates have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 25 cents a share 30 days ago, to 37 today, a move of 48%.
Current Year Estimates for ADUS
Meanwhile, Addus HomeCare’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no lower estimates. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.05 per share 30 days ago to $1.27 per share today, an increase of 21%.
The stock has also started to move higher lately, adding 40.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
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How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
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Why Addus HomeCare (ADUS) Could Be Positioned for a Surge
Addus HomeCare Corporation (ADUS - Free Report) , a provider of professional and reliable in-home care services, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ADUS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Addus HomeCare could be a solid choice for investors.
Current Quarter Estimates for ADUS
In the past 30 days, 1 estimate have gone higher for Addus HomeCare while no estimates have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 25 cents a share 30 days ago, to 37 today, a move of 48%.
Current Year Estimates for ADUS
Meanwhile, Addus HomeCare’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no lower estimates. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.05 per share 30 days ago to $1.27 per share today, an increase of 21%.
ADDUS HOMECARE Price and Consensus
ADDUS HOMECARE Price and Consensus | ADDUS HOMECARE Quote
Bottom Line
The stock has also started to move higher lately, adding 40.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>