Maximus (NYSE:MMS) reported its Q3 earnings results on Wednesday, August 3, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Maximus beat estimated earnings by 9.86%, reporting an EPS of $0.78 versus an estimate of $0.71.

Revenue was down $118.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.36 which was followed by a 7.34% drop in the share price the next day.

Here's a look at Maximus's past performance:

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 2022, expecting earnings between $3.95 and $4.15 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.