MAXIMUS Earnings: Everything You Must Know Now
MAXIMUS, Inc. (NYSE:MMS) delivered a profit and beat 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 46.94% to $0.72 in the quarter versus EPS of $0.49 in the year-earlier quarter.
Revenue: Rose 34.07% to $326.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MAXIMUS, Inc. reported adjusted EPS income of $0.72 per share. By that measure, the company beat the mean analyst estimate of $0.70. It beat the average revenue estimate of $310.13 million.
Quoting Management: “Financial results in the quarter were solid and in-line with our expectations, supporting our growth trajectory for the remainder of fiscal 2013 and beyond. As expected, organic revenue growth accelerated in the second quarter, driven by strong performance from both segments. The long-term demand trends remain positive for MAXIMUS, with multi-year growth drivers in place as governments require a higher level of value-added services that deliver measurable and meaningful outcomes. These trends, coupled with our demonstrated experience and proven success, set the stage for our long-term success to grow the business and maximize shareholder value,” commented Richard A. Montoni, Chief Executive Officer of MAXIMUS.
Key Stats (on next page)…
Revenue increased 14.02% from $286.27 million in the previous quarter. EPS increased 14.29% from $0.63 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.81 to a profit $0.84. For the current year, the average estimate has moved up from a profit of $3.06 to a profit of $3.12 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)