NasdaqGM:BWMNConstruction
Bowman Consulting Group (BWMN) Stock Faces Margin Questions Behind Rich Valuation
Bowman Consulting Group came into this earnings print on a strong run, with the stock up more than 50% over the past month, yet the immediate reaction was almost flat. Shares slipped only 0.1% to about US$42, even as the quarter put a spotlight on how much profit the business is actually keeping.
The headline this time is margins and earnings quality. Q2 revenue reached US$146.1m and basic earnings per share landed at US$0.15, enough to keep trailing net margin at a modest 2%. For a high P/E...