Recap: Maximus Q1 Earnings

Maximus 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.

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.

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).

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.

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