Maximus Reiterates FY17 Earnings Outlook, But Lowers Revenue Guidance

(RTTNews) - While reporting its first-quarter financial results today, Maximus Inc. (MMS) reiterated its earnings outlook for fiscal 2017, but lowered its revenue outlook most notably as a result of the canceled contract due to insufficient volumes in the U.S. Federal Services Segment.

For fiscal 2017, Maximus reiterated its earnings guidance and continues to expect reported earnings in a range between $2.90 and $3.10 per share.

However, Maximus now expects full-year revenue between $2.425 billion and $2.475 billion for fiscal 2017, compared to the prior range of $2.475 billion to $2.550 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.99 per share for the year on revenues of $2.51 billion.