Government consulting firm Booz Allen Hamilton (NYSE: BAH) will be announcing earnings results this Friday before market open. Here’s what to look for.
Booz Allen Hamilton missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $2.92 billion, flat year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a slight miss of analysts’ revenue 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, analysts are expecting Booz Allen Hamilton’s revenue to decline 5.5% year on year to $2.97 billion, a reversal from the 18% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.51 per share.
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 twice over the last two years.
Looking at Booz Allen Hamilton’s peers in the professional services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. ManpowerGroup delivered year-on-year revenue growth of 2.3%, beating analysts’ expectations by 0.7%, and Equifax reported revenues up 7.2%, topping estimates by 1.4%. ManpowerGroup traded down 11.4% following the results while Equifax’s stock price was unchanged.
Read our full analysis of ManpowerGroup’s results here and Equifax’s results here.
Investors in the professional services segment have had fairly steady hands going into earnings, with share prices down 1.7% on average over the last month. Booz Allen Hamilton’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $124.20 (compared to the current share price of $97.38).
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