Maximus Reports Fiscal Year 2021 First Quarter Results
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MAXIMUS (MMS) Tops Q1 EPS by 13c, Revenues Beat; Raises FY21 EPS/Revenue Guidance
February 4, 2021 6:37 AM ESTMAXIMUS (NYSE: MMS) reported Q1 EPS of $1.03, $0.13 better than the analyst estimate of $0.90. Revenue for the quarter came in at $945.6 million versus the consensus estimate of $845.62 million.
Highlights for the first quarter of fiscal 2021 include:
Revenue increased 15.6% to $945.6 million as compared to $818.2 million reported for the prior-year period, driven by new COVID-response work such as contact tracing, disease investigation, vaccination support, unemployment insurance program support, and other key initiatives.Operating income margin was 9.3% and diluted earnings per share were $1.03. The Company continues to face unfavorable headwinds related to temporary... More