Maximus (NYSE:MMS) reported its Q1 earnings results on Wednesday, February 7, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Maximus beat estimated earnings by 32.67%, reporting an EPS of $1.34 versus an estimate of $1.01.
Revenue was up $78.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.26 which was followed by a 4.98% increase in the share price the next day.
Here's a look at Maximus's past performance:
| Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|
| EPS Estimate | 1.03 | 0.63 | 0.68 | 0.76 |
| EPS Actual | 1.29 | 0.78 | 0.80 | 0.94 |
| Revenue Estimate | 1.27B | 1.20B | 1.20B | 1.15B |
| Revenue Actual | 1.26B | 1.19B | 1.21B | 1.25B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Maximus management provided guidance for FY 2024, expecting earnings between $5.2 and $5.5 per share.
To track all earnings releases for Maximus visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.