Booz Allen Hamilton +3% After Q4 Earnings - Here's Why
Portfolio Pulse from Nabaparna Bhattacharya
Booz Allen Hamilton (NYSE: BAH) shares rose by 3.7% in premarket trading after the company reported strong Q4 earnings, beating analyst expectations. The company saw significant growth in revenue, backlog, and headcount, and provided a positive outlook for FY25.
May 24, 2024 | 1:27 pm
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Booz Allen Hamilton reported strong Q4 earnings, with adjusted EPS of $1.33 beating the consensus of $1.23 and sales of $2.771 billion surpassing the expected $2.718 billion. The company also saw an 8.4% increase in total backlog and a 7.4% rise in headcount. The positive earnings report and optimistic FY25 outlook have driven the stock price up by 3.7% in premarket trading.
The strong Q4 earnings report, including higher-than-expected EPS and sales, along with significant growth in backlog and headcount, has positively impacted investor sentiment. The positive outlook for FY25 further supports the upward movement in the stock price.
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IMPORTANCE 90
RELEVANCE 100