Bowman Consulting Group Sees FY23 Net Service Billing To Be In The Range Of $306M-$312M; Introduces FY24 Net Service Billing To Be In The Range Of $345M-$360M
Portfolio Pulse from Benzinga Newsdesk
Bowman Consulting Group has adjusted its FY 2023 outlook for Net Service Billing to be in the range of $306 to $312 million and Adjusted EBITDA in the range of $48 to $52 million. The company also introduced its FY 2024 outlook for Net Service Billing to be in the range of $345 to $360 million and Adjusted EBITDA in the range of $56 to $62 million. These projections are based on completed acquisitions and do not include contributions from any future acquisitions.
November 06, 2023 | 9:32 pm
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NEUTRAL IMPACT
Bowman Consulting Group has adjusted its FY 2023 and introduced FY 2024 financial outlooks. The projections are based on completed acquisitions and do not account for future acquisitions.
The company's adjustment of its FY 2023 outlook and introduction of FY 2024 outlook could be seen as a sign of confidence in its financial stability and growth prospects. However, the fact that these projections do not account for future acquisitions introduces a degree of uncertainty. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100