Government services provider Maximus misses Q4 profit estimates due to severance charges

Reuters
Nov 20
Government services provider Maximus misses Q4 profit estimates due to severance charges

Overview

  • Maximus Q4 revenue and adjusted EPS missed analyst expectations

  • Fiscal 2025 revenue grew 2.4% to $5.43 bln, driven by U.S. Federal Services Segment

  • Company repurchased 5.8 mln shares for $457 mln during fiscal year 2025

Outlook

  • Maximus expects fiscal 2026 revenue between $5.225 bln and $5.425 bln

  • Company anticipates fiscal 2026 adjusted EPS between $7.95 and $8.25

  • Maximus forecasts fiscal 2026 free cash flow between $450 mln and $500 mln

Result Drivers

  • U.S. FEDERAL SERVICES - Revenue growth driven by clinical program volume increases and natural disaster support

  • U.S. SERVICES DECLINE - Revenue decreased due to previous excess Medicaid volumes and severance charges

  • OUTSIDE U.S. SEGMENT - Revenue decline due to divestitures, offset by organic growth

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Miss

$1.32 bln

$1.34 bln (2 Analysts)

Q4 Adjusted EPS

Miss

$1.62

$1.67 (2 Analysts)

Q4 Net Income

$75.29 mln

Q4 Gross Profit

$333.55 mln

Q4 Operating Income

$122.86 mln

Q4 Pretax Profit

$100.47 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the business support services peer group is "buy"

  • Wall Street's median 12-month price target for Maximus Inc is $105.00, about 25.9% above its November 19 closing price of $77.76

  • The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw7q4K53a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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