MAXIMUS (MMS) Misses Q4 EPS by 1c, Revenues Miss; Offers FY19 EPS/Revenue Guidance Above Estimates

MAXIMUS (NYSE: MMS) reported Q4 EPS of $0.71, $0.01 worse than the analyst estimate of $0.72. Revenue for the quarter came in at $558.4 million versus the consensus estimate of $587.58 million.

Bruce Caswell, President and Chief Executive Officer of MAXIMUS, commented, "During fiscal 2018, we made demonstrated progress in executing our strategic initiatives, including assessing and prioritizing new and adjacent markets, stepping-up our M&A activities with our recent acquisition, deepening our executive bench, and bringing in new sales and capture leadership. Our vision is to be the premier provider of large-scale complex program management solutions, offering unparalleled support to citizens who access and utilize critical government programs. We continue to see evidence that long-term macro trends remain in our favor."

GUIDANCE:

MAXIMUS sees FY2019 EPS of $3.55-$3.75, versus the consensus of $3.42. MAXIMUS sees FY2019 revenue of $2.925-3 billion, versus the consensus of $2.53 billion.

For earnings history and earnings-related data on MAXIMUS (MMS) click here.

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