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Addus Homecare (ADUS)
NASDAQ:ADUS
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.35Last Year’s EPS
$1.32Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 1.89%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with strong revenue and earnings growth, significant cash reserves, and strategic acquisitions positioning the company for future expansion. However, challenges remain in the Home Health segment and with CMS reimbursement pressures. Overall, the highlights outweigh the lowlights, indicating a positive sentiment.Company Guidance
During Addus HomeCare's Q3 2024 earnings call, the company reported a total revenue of $289.8 million, marking a 7% increase from the previous year. The adjusted earnings per share rose by 13% to $1.30, while the adjusted EBITDA grew by 11.1% to $34.3 million. The Personal Care segment showed a robust same-store revenue growth of 6.8%, with Illinois set to implement a 5.5% reimbursement increase in 2025. The company maintained a cash position of approximately $223 million and anticipates closing the acquisition of Gentiva Personal Care. Additionally, the hospice segment reported a 3.5% same-store revenue increase, with Medicare hospice reimbursement seeing a 2.9% increase effective October 1, 2024. The company continues to focus on strategic acquisitions, maintaining a conservative leverage position post-Gentiva acquisition, and leveraging ongoing favorable reimbursement trends, particularly in the Personal Care segment.Revenue Growth
Total revenue for Q3 2024 was $289.8 million, an increase of 7% compared to Q3 2023.
Earnings Per Share Increase
Adjusted earnings per share increased by 13% to $1.30 from $1.15 in Q3 2023.
Adjusted EBITDA Growth
Adjusted EBITDA increased by 11.1% to $34.3 million compared to $30.9 million in Q3 2023.
Strong Cash Position
Cash on hand was approximately $223 million, supporting future acquisitions.
Illinois Reimbursement Increase
Effective January 1, 2025, Illinois will enact a 5.5% increase for personal care services.
Hospice Reimbursement Increase
Medicare hospice reimbursement increased by approximately 2.9% effective October 1, 2024.
Gentiva Acquisition
Pending acquisition of Gentiva Personal Care will make Addus the largest provider of personal care services in Texas.
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ADUS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ADUS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $128.96 | $124.17 | -3.71% |
| Aug 05, 2024 | $117.71 | $124.50 | +5.77% |
| May 06, 2024 | $97.89 | $104.59 | +6.84% |
| Feb 26, 2024 | $87.33 | $92.10 | +5.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Addus Homecare (ADUS) report earnings?
Addus Homecare (ADUS) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Addus Homecare (ADUS) earnings time?
Addus Homecare (ADUS) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ADUS EPS forecast?
ADUS EPS forecast for the fiscal quarter 2024 (Q4) is $1.35.
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