By Amira McKee
Shares of Maximus dropped after the government services provider posted first-quarter revenue and a 2026 fiscal-year revenue forecast that missed Wall Street's estimates.
The stock fell 16% to $78.34 in Thursday morning trading. The shares have gained 3.3% in the past year.
Maximus logged a first-quarter profit of $93.9 million, or $1.70 a share, compared with a profit of $41.2 million, or 69 cents a share, in the same period a year earlier.
Adjusted earnings per share came in at $1.85. Analysts polled by FactSet were expecting $1.82 a share.
Revenue fell 4.1% to $1.35 billion, missing Wall Street's forecast of $1.37 billion.
The McLean, Va., company expects 2026 adjusted earnings per share to range between $8.05 and $8.35, on revenue of $5.2 billion to $5.35 billion.
Analysts polled by FactSet are looking for adjusted earnings of $8.17 per share, and revenue of $5.47 billion in 2026.
Write to Amira McKee at amira.mckee@wsj.com
(END) Dow Jones Newswires
February 05, 2026 11:03 ET (16:03 GMT)
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