Back to top

Image: Bigstock

Is Addus HomeCare (ADUS) Stock a Solid Choice Right Now?

Read MoreHide Full Article

One stock that might be an intriguing choice for investors right now is Addus HomeCare Corporation (ADUS - Free Report) . This is because this security in the Medical - Outpatient and Home Healthcare space is seeing solid earnings estimate revision activity and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Medical - Outpatient and Home Healthcare space as it currently has a Zacks Industry Rank of 38 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Addus HomeCare is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Addus HomeCare Corporation Price and Consensus

In fact, over the past one month, current quarter estimates have risen from 37 cents per share to 40 cents per share, while current year estimates have risen from $1.80 per share to $1.96 per share. This has helped ADUS to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Addus HomeCare. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Addus HomeCare Corporation (ADUS) - free report >>

Published in