Government services provider Maximus (NYSE: MMS) will be reporting results this Thursday before market hours. Here’s what to look for.
Maximus beat analysts’ revenue expectations by 2.5% last quarter, reporting revenues of $1.35 billion, up 2.5% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ full-year EPS guidance estimates.
Is Maximus a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Maximus’s revenue to grow 1.9% year on year to $1.34 billion, slowing from the 4.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.67 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Maximus has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 5.5% on average.
Looking at Maximus’s peers in the government & technical consulting segment, some have already reported their Q3 results, giving us a hint as to what we can expect. UL Solutions delivered year-on-year revenue growth of 7.1%, beating analysts’ expectations by 1.5%, and Booz Allen Hamilton reported a revenue decline of 8.1%, falling short of estimates by 2.7%. UL Solutions traded up 9.1% following the results while Booz Allen Hamilton was down 13.7%.
Read our full analysis of UL Solutions’s results here and Booz Allen Hamilton’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the government & technical consulting stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7.9% on average over the last month. Maximus is down 9.3% during the same time and is heading into earnings with an average analyst price target of $105 (compared to the current share price of $78.95).
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