HomeMost PopularInvestingWhat to Expect from Maximus (MMS) Q4 Earnings?

What to Expect from Maximus (MMS) Q4 Earnings?

Actionable Trade Ideas

always free

In this article, we will take a detailed look at what investors can anticipate from Maximus, Inc. (MMS) as it prepares to announce its fourth-quarter fiscal 2023 results on Nov 15, after the bell.

Previous Performance

Maximus has a track record of outperforming the Zacks Consensus Estimate, surpassing it in three of the past four quarters. On average, it posted an earnings surprise of 6.8%.

Maximus, Inc. Price and EPS Surprise

Click here to view Maximus, Inc. price-eps-surprise.

Q4 Expectations

Analysts expect Maximus to report revenues of $1.27 billion, signifying an 8.2% increase compared to the previous year. The growth in the top line is attributed to organic growth driven by volume expansion in key U.S. segments.

The consensus estimate for earnings is $1.34 per share, indicating a 4.3% year-over-year decline. This decrease is primarily attributed to higher operating expenses.

What Our Model Says

Our model does not conclusively predict an earnings beat for Maximus this quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) usually indicates higher chances of an earnings beat. However, Maximus has an Earnings ESP of 0.00% and a Zacks Rank #2, which is not favorable.

Comparative Snapshots of Recent Earnings

Other industry players such as The Interpublic Group of Companies, Inc. (IPG) and Equifax Inc. (EFX) reported their Q3 2023 results, with both companies falling short of the Zacks Consensus Estimate in terms of earnings and revenues.

These developments are indicative of the broader industry trends in the financial sector, and they are likely to impact investor sentiment on Maximus as well.

Stay informed with upcoming earnings announcements through the Zacks Earnings Calendar.

Key Takeaways

Investors should closely monitor Maximus’ Q4 earnings report and the subsequent developments in the financial sector to make informed investment decisions.

Maximus, Inc. (MMS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.