Bowman Consulting Group Q1 2024 Adj EPS $0.20 Beats $(0.08) Estimate, Sales $94.907M Miss $95.626M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bowman Consulting Group (NASDAQ:BWMN) reported Q1 2024 adjusted EPS of $0.20, surpassing the $(0.08) estimate, but missed sales estimates with $94.907M against the expected $95.626M. This represents a 23.08% decrease in EPS and a 24.71% increase in sales year-over-year.
May 06, 2024 | 8:56 pm
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Bowman Consulting Group reported a significant beat on adjusted EPS at $0.20 vs. an $(0.08) estimate and a slight miss on sales for Q1 2024.
The significant beat on the EPS estimate is likely to positively impact investor sentiment and BWMN's stock price in the short term, despite the slight miss on sales estimates. The strong earnings performance, especially in contrast to the expected loss, indicates operational efficiency and profitability that could outweigh the minor sales shortfall in investors' eyes.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100