MAXIMUS Sees FY18 Results In Line With View

(RTTNews) - MAXIMUS (MMS) established fiscal 2018 guidance. It expects fiscal 2018 revenue to range between $2.475 billion and $2.550 billion. Approximately 94% of the Company's fiscal 2018 forecasted revenue is in the form of backlog, option periods or extensions.

For fiscal 2018, the Company expects GAAP earnings per share to range between $2.95 and $3.15, which includes the detrimental impacts from new contracts in startup in the Human Services Segment. The Company estimates that these startups will have an unfavorable impact on pre-tax income of approximately $11 millionto $13 million, or approximately $0.12 diluted earnings per share.

Excluding this $0.12, fiscal 2018 adjusted earnings per share is expected to range between $3.07 and $3.27. This compared to fiscal 2017 adjusted diluted earnings per share of $3.03.

Analysts polled by Thomson Reuters expect the company to report earnings of $3.23 per share and revenues of $2.51 billion for fiscal year 2018. Analysts' estimates typically exclude special items.