Government consulting firm Booz Allen Hamilton (NYSE: BAH) will be announcing earnings results this Friday morning. Here’s what investors should know.
Booz Allen Hamilton missed analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $2.97 billion, up 7.3% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and a significant miss of analysts’ full-year EPS guidance estimates.
Is Booz Allen Hamilton a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Booz Allen Hamilton’s revenue to be flat year on year at $2.94 billion, slowing from the 10.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.45 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Booz Allen Hamilton has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Booz Allen Hamilton’s peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. ManpowerGroup posted flat year-on-year revenue, beating analysts’ expectations by 3.6%, and Robert Half reported a revenue decline of 7%, topping estimates by 1.1%. ManpowerGroup’s stock price was unchanged following the results.
Read our full analysis of ManpowerGroup’s results here and Robert Half’s results here.
There has been positive sentiment among investors in the professional services segment, with share prices up 5.2% on average over the last month. Booz Allen Hamilton is up 16.8% during the same time and is heading into earnings with an average analyst price target of $124.76 (compared to the current share price of $117).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
