Shares of Maximus (NYSE: MMS) are soaring 8.69% in pre-market trading on Thursday following the release of its impressive fiscal second-quarter earnings report. The government services company significantly outperformed analyst expectations, demonstrating robust financial performance and prompting an increase in its full-year guidance.

According to the earnings report, Maximus posted adjusted earnings per share of $2.01 for the quarter, substantially beating the analyst consensus estimate of $1.38 by 45.65%. This represents a significant increase from the same period last year when the company reported earnings of $1.31 per share. Quarterly revenue also exceeded expectations, coming in at $1.36 billion, surpassing the analyst consensus estimate of $1.29 billion by 5.17%. The revenue figure marks a slight increase of 1% compared to the $1.35 billion reported in the same quarter of the previous year.

In light of the strong performance, Maximus has raised its outlook for fiscal year 2025. The company now expects adjusted earnings per share to be between $6.30 and $6.60, an increase of 40 cents from its previous guidance. Additionally, Maximus has revised its full-year revenue projection upwards by $50 million, now anticipating revenues in the range of $5.25 billion to $5.4 billion. This optimistic outlook, coupled with the impressive quarterly results, appears to be driving investor enthusiasm and contributing to the stock's pre-market rally.