MAXIMUS Earnings: Everything You Must Know Now

MAXIMUS, Inc. (NYSE:MMS) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

MAXIMUS, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 32.26% to $0.41 in the quarter versus EPS of $0.31 in the year-earlier quarter.

Revenue: Rose 25.51% to $334.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: MAXIMUS, Inc. reported adjusted EPS income of $0.41 per share. By that measure, the company met the mean analyst estimate of $0.41. It beat the average revenue estimate of $325.19 million.

Quoting Management: “This morning’s financial results are right in line with our growth trajectory for the remainder of fiscal 2013 and set a solid platform for continued top- and bottom-line growth next fiscal year,” commented Richard A. Montoni, Chief Executive Officer of MAXIMUS. “MAXIMUS continues to benefit from macro drivers and solid demand trends for our core health and human services. In the United States, we are pleased to have established a leading position in the first wave of health insurance exchange contracts, and remain optimistic about other long-term opportunities in other areas of health care reform. Internationally, the acquisition of Health Management has provided MAXIMUS with a strengthened position for future opportunities in the United Kingdom health market, supporting our international growth objectives as we expand our service offerings and our geographic footprint.”

Key Stats (on next page)…

Revenue increased 2.44% from $326.35 million in the previous quarter. EPS increased 13.89% from $0.36 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.49 and has not changed. For the current year, the average estimate has moved up from a profit of $1.56 to a profit of $1.57 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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