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Maximus (MMS)
NYSE:MMS
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$1.37Last Year’s EPS
$1.34Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2024
|% Change Since: -10.34%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects strong performance in Q3 2024 with significant revenue growth, improved financial metrics, and notable contract wins. However, challenges remain in the Outside the U.S. segment, and there is caution regarding potential revenue moderation in FY 2025.Company Guidance
During the Maximus Fiscal 2024 Third Quarter Earnings Conference Call, several key metrics and guidance updates were discussed. Maximus reported Q3 revenue of $1.31 billion, reflecting a 10.6% year-over-year growth, with all three segments posting organic growth. The U.S. Federal Services segment was the primary driver, with a 17% increase in revenue to $683 million. The adjusted operating income margin was 12.6%, and adjusted EPS was $1.74, showing significant improvement from the prior year. Cash flow remained strong, with $199 million provided by operating activities and $165 million in free cash flow. The company raised its full-year guidance, expecting revenue between $5.25 billion and $5.35 billion, with adjusted operating income between $570 million and $590 million. Adjusted EPS is projected to be between $6 and $6.20 per share, reflecting a $0.35 increase from prior guidance. For fiscal 2025, Maximus anticipates revenue to be roughly similar to the current year's guidance, with organic growth expected to offset some nonrecurring revenue impacts, aiming for a 10% adjusted operating income margin.Strong Revenue Growth
Maximus reported revenue of $1.31 billion for Q3 2024, a 10.6% year-over-year growth, or 11.2% on an organic basis.
U.S. Federal Services Performance
Revenue for the U.S. Federal Services segment increased by 17.0% to $683 million, all organic, with an operating income margin of 15.5%.
Improved Debt Metrics
Net debt-to-EBITDA ratio improved from 1.7x last quarter to 1.5x, achieving the target one quarter early.
Increased Guidance
Revenue guidance raised to $5.25 billion-$5.35 billion, an increase of $100 million at the midpoint. Adjusted EPS guidance raised by $0.35.
New Contract Wins
Significant contract wins including $87 million IRS task order and $263 million Independent Enrollment Broker contract in Pennsylvania.
Award Recognition
Maximus named one of America's best midsized companies by TIME Magazine, based on employee satisfaction, revenue growth, and sustainability transparency.
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MMS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MMS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $80.53 | $74.96 | -6.92% |
| Aug 07, 2024 | $86.97 | $86.78 | -0.22% |
| May 08, 2024 | $83.23 | $82.78 | -0.54% |
| Feb 07, 2024 | $76.85 | $77.70 | +1.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Maximus (MMS) report earnings?
Maximus (MMS) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Maximus (MMS) earnings time?
Maximus (MMS) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MMS EPS forecast?
MMS EPS forecast for the fiscal quarter 2025 (Q1) is $1.37.
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