Why Government And Military Contractor Booz Allen Hamilton Stock Is Trading Lower Today?
Portfolio Pulse from Anusuya Lahiri
Booz Allen Hamilton Holding Corp (NYSE:BAH) reported fiscal Q1 adjusted EPS of $1.38, missing the analyst consensus estimate of $1.52, leading to a 7.44% drop in stock price. Despite beating sales estimates and showing strong backlog growth, the stock declined due to the EPS miss.
July 26, 2024 | 12:03 pm
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Booz Allen Hamilton reported fiscal Q1 adjusted EPS of $1.38, missing the analyst consensus estimate of $1.52, leading to a 7.44% drop in stock price. Despite beating sales estimates and showing strong backlog growth, the stock declined due to the EPS miss.
The stock price of Booz Allen Hamilton dropped by 7.44% after the company reported fiscal Q1 adjusted EPS of $1.38, missing the analyst consensus estimate of $1.52. Although the company beat sales estimates and showed strong backlog growth, the EPS miss was significant enough to negatively impact investor sentiment and the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100