Yahoo Finance Gear Up for Maximus (MMS) Q2 Earnings: Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Maximus (MMS) will report quarterly earnings of $1.31 per share in its upcoming release, pointing to a year-over-year increase of 63.8%. It is anticipated that revenues will amount to $1.28 billion, exhibiting an increase of 6% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Maximus metrics that are routinely monitored and predicted by Wall Street analysts.
According to the collective judgment of analysts, 'Revenue- U.S. Federal Services' should come in at $635.05 million. The estimate indicates a change of +8.7% from the prior-year quarter.
Analysts expect 'Revenue- U.S. Services' to come in at $481.44 million. The estimate indicates a change of +7.1% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Outside the U.S' will likely reach $162.34 million. The estimate suggests a change of -6.2% year over year.
View all Key Company Metrics for Maximus here>>>
Over the past month, shares of Maximus have returned +2.2% versus the Zacks S&P 500 composite's -1.6% change. Currently, MMS carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Maximus, Inc. (MMS) : Free Stock Analysis Report
