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What investors need to know

What investors need to know

Booz Allen Hamilton (BAH) closed the most recent trading day at $155.65, a move of +0.82% from the previous trading session. This move lagged the S&P 500’s daily gain of 1.02%. At the same time, the Dow rose 1.09% and the tech-heavy Nasdaq gained 1.18%.

Shares of the defense contractor had risen 2.45% over the past month, outpacing the Business Services sector’s gain of 0.23% and lagging the S&P 500’s gain of 4.44% over the same period.

Market participants will be closely monitoring Booz Allen Hamilton’s financial results in the upcoming release. The company plans to report its earnings on July 26, 2024. In that report, analysts expect Booz Allen Hamilton to post earnings of $1.53 per share. This would represent year-over-year growth of 4.08%. Our most recent consensus estimate is for quarterly revenue of $2.92 billion, up 10.09% from the same period last year.

For the annual period, the Zacks Consensus Estimates are projecting earnings of $6.05 per share and revenue of $11.7 billion, representing shifts of +10% and +9.75%, respectively, from the past year.

Investors may also notice recent changes to analyst estimates for Booz Allen Hamilton. These latest adjustments often reflect the changing dynamics of short-term business patterns. Therefore, positive estimate revisions indicate analysts’ confidence in the company’s business performance and earnings potential.

Our research shows that these estimate changes are directly correlated with near-term stock price performance. To benefit from this, we have developed the Zacks Rank, an exclusive model which takes these estimate changes into account and provides an operational rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable history of outperforming outside-audited #1 stocks, which have delivered an average annual return of +25% since 1988. Over the past 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Booz Allen Hamilton has a Zacks Rank of #2 (Buy).

In terms of valuation, Booz Allen Hamilton is currently trading at a Forward P/E ratio of 25.54, which suggests a premium compared to the sector’s Forward P/E of 19.1.

Meanwhile, BAH’s PEG ratio currently stands at 1.83. Similar to the generally accepted price-to-earnings ratio, the PEG ratio also takes into account the company’s expected earnings growth rate. BAH’s industry had an average PEG ratio of 1.83 as of yesterday’s close.

The Government Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 13, this industry is in the top 6% of all industries, with more than 250.

The Zacks Industry Rank measures the strength of our specific industry groups by calculating the average Zacks Rank of the individual stocks included in the groups. Our research shows that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information about all of these statistics and much more on Zacks.com.

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