Maximus (MMS) Stock Gains 3% Since Q2 Earnings Beat Estimates

Maximus, Inc. (MMS) reported impressive second-quarter fiscal 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The stock increased 2.7% since the earnings release on May 8 in response to the better-than-expected results and raised guidance for fiscal 2024. For fiscal 2024, the company expects revenues of $5.15-$5.25 billion compared with the $5.05-$5.2 billion mentioned previously. The mid-point ($5.2 billion) of the raised guidance is higher than the Zacks Consensus Estimat ...