Government consulting firm Booz Allen Hamilton (NYSE: BAH) will be reporting earnings this Friday morning. Here’s what to look for.
Booz Allen Hamilton missed analysts’ revenue expectations last quarter, reporting revenues of $2.62 billion, down 10.2% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat 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 for active Edge members.
This quarter, the market is expecting Booz Allen Hamilton’s revenue to decline 3.7% year on year, a reversal from the 7.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally 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 multiple times over the last two years.
Looking at Booz Allen Hamilton’s peers in the government & technical consulting segment, some have already reported their Q1 results, giving us a hint as to what we can expect. UL Solutions delivered year-on-year revenue growth of 7.5%, beating analysts’ expectations by 1.2%, and Jacobs Solutions reported revenues up 8.8%, topping estimates by 2%. UL Solutions traded up 16.4% following the results while Jacobs Solutions was down 7.3%.
Read our full analysis of UL Solutions’s results here and Jacobs Solutions’s results here.
Investors in the government & technical consulting segment have had steady hands going into earnings, with share prices flat over the last month. Booz Allen Hamilton is down 4.3% during the same time and is heading into earnings with an average analyst price target of $97.23 (compared to the current share price of $77.50).
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