Compared to Estimates, Maximus (MMS) Q1 Earnings: A Look at Key Metrics
Maximus (MMS) reported $1.33 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.2%. EPS of $1.34 for the same period compares to $0.94 a year ago.
The reported revenue represents a surprise of +3.49% over the Zacks Consensus Estimate of $1.28 billion. With the consensus EPS estimate being $1.28, the EPS surprise was +4.69%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Maximus performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- U.S. Federal Services: $677.08 million versus the three-analyst average estimate of $628.18 million. The reported number represents a year-over-year change of +9.5%.
Revenue- U.S. Services: $489.85 million versus the three-analyst average estimate of $484.97 million. The reported number represents a year-over-year change of +11.5%.
Revenue- Outside the U.S: $160.12 million versus $170.90 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -16.4% change.
View all Key Company Metrics for Maximus here>>>
Shares of Maximus have returned +1.6% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Maximus, Inc. (MMS) : Free Stock Analysis Report
