Bowman Consulting Group Q2 2024 Adj. EPS $(0.03) Misses $0.03 Estimate, Sales $104.501M Miss $110.064M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bowman Consulting Group (NASDAQ:BWMN) reported Q2 2024 adjusted EPS of $(0.03), missing the analyst estimate of $0.03 by 200%. Sales were $104.501M, missing the $110.064M estimate by 5.05%, but up 26.28% from last year's $82.755M.
August 06, 2024 | 8:48 pm
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Bowman Consulting Group reported Q2 2024 adjusted EPS of $(0.03), missing the analyst estimate of $0.03 by 200%. Sales were $104.501M, missing the $110.064M estimate by 5.05%, but up 26.28% from last year's $82.755M.
The significant miss on both EPS and sales estimates is likely to negatively impact BWMN's stock price in the short term. Despite the year-over-year sales growth, the market is expected to react unfavorably to the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100