MAXIMUS (MMS) Beats On Q2 Earnings, Narrows 2019 Guidance
Zacks Investment Research | May 12, 2019 10:17PM ET
MAXIMUS, Inc. (NYSE:MMS) reported mixed second-quarter fiscal 2019 results, with earnings beating the Zacks Consensus Estimate but revenues lagging the same.
Earnings per share came in at $1.07 compared with 82 cents reported in the year-ago quarter. The bottom line beat the consensus mark by 15 cents and was benefited by strong performance of the U.S. Health and Human Services, and U.S. Federal Services Segments.
Revenues of $736.5 million missed the consensus mark by $30 million but improved 20% year over year, mainly driven by the acquisition of citizen engagement centers in the U.S. Federal Services Segment.
At the call, management stated that the company continues to execute on its three-pronged strategy of digital transformation, clinical evolution and market expansion.
MAXIMUS shares have gained 12% year to date, significantly underperforming the 25.3% rally of the Original post
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