Maximus Q4 Adj $1.29 Beats $1.03 Estimate, Sales $1.26B Miss $1.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Maximus (NYSE:MMS) reported Q4 adjusted earnings of $1.29 per share, surpassing the consensus estimate of $1.03 by 25.24%, but saw a 7.86% decrease from $1.40 per share a year ago. Sales reached $1.26B, slightly missing the $1.27B estimate by 0.79%, yet marking a 7.05% increase from $1.18B in the same quarter last year.
November 15, 2023 | 9:17 pm
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NEUTRAL IMPACT
Maximus reported higher than expected Q4 earnings but missed on revenue estimates, with a slight year-over-year decline in earnings and a moderate increase in sales.
While beating earnings estimates typically has a positive impact on stock price, the miss on revenue estimates and the decrease in earnings compared to last year could temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100