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Maximus, Inc.’s. (MMS - Free Report) continued efforts to expand business processes and grow client relationships through strategic acquisitions are praiseworthy. The acquisitions enable the company to gain improved technical and additional skills.
Maximus, Inc. reported mixed second-quarter fiscal 2023 results wherein earnings missed the Zacks Consensus Estimate but revenues beat the same. Quarterly adjusted earnings (excluding 28 cents from non-recurring items) of 80 cents per share missed the Zacks Consensus Estimate by 2.6% and decreased 25.2% year over year. Revenues of $1.21 billion beat the consensus mark by 1.3%. The figure increased 2.5% year over year.
Maximus has outperformed its industry in the past year, growing 23.8% compared with its industry’s14.4% increase.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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