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:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.71 | 0.77 | 0.87 | 1.08 |
| EPS Actual | 1.07 | 1.12 | 1.08 | 1.66 |
| Revenue Estimate | 1.07B | 1.09B | 1.08B | 1.09B |
| Revenue Actual | 1.18B | 1.15B | 1.11B | 1.24B |
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.
