Booz Allen Hamilton Stock Soars After Q1 Beat Here's How It Performed
Portfolio Pulse from Anusuya Lahiri
Booz Allen Hamilton Holding Corp reported Q1 revenue growth of 18% YoY to $2.65 billion, beating the consensus of $2.51 billion. Adjusted EPS of $1.47 also topped the consensus of $1.25. The company declared a regular quarterly dividend of $0.47 per share. It reiterated FY24 Outlook, expecting sales growth to 7% - 11% and an adjusted EPS of $4.80–$4.95.
July 28, 2023 | 4:33 pm
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POSITIVE IMPACT
Booz Allen Hamilton's Q1 results exceeded expectations, which led to a rise in its stock price. The company's positive outlook for FY24 could further support its stock performance.
Booz Allen Hamilton's Q1 results exceeded market expectations, which is a positive signal for investors and can lead to a rise in the stock price. The company's positive outlook for FY24 indicates confidence in its future performance, which could further support its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100