Bowman Consulting Group (NASDAQ:BWMN) Full Year 2024 Results
Key Financial Results
- Revenue: US$426.6m (up 23% from FY 2023).
- Net income: US$2.80m (up from US$6.62m loss in FY 2023).
- Profit margin: 0.7% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
- EPS: US$0.18 (up from US$0.53 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bowman Consulting Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.
In the last 12 months, the only revenue segment was Providing Engineering and Related Professional Services to Its Customers contributing US$426.6m. The largest operating expense was General & Administrative costs, amounting to US$197.5m (88% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$5.28m. Explore how BWMN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Construction industry in the US.
Performance of the American Construction industry.
The company's shares are up 12% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Bowman Consulting Group's balance sheet health.
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Discover if Bowman Consulting Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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