Booz Allen (BAH) Stock Jumps 15% as Earnings Crush Wall Street Estimates

TLDR

• BAH stock jumped ~14.9% Friday after Q1 adjusted EPS of $1.81 crushed the $1.48 consensus estimate
• Net income fell to $198M ($1.63/share) from $271M ($2.16/share) a year ago; revenue dipped 4.2% to $2.8B
• Adjusted EBITDA rose 7.4% year-over-year to $334M; margin improved to 11.9% from 10.6%
• Total backlog reached $39.48B as of June 30, up 3.2% year-over-year
• Full-year guidance reaffirmed: adjusted EPS of $6.00–$6.35 on revenue of $11.2B–$11.7B

Booz Allen Hamilton (BAH) stock surged roughly 14.9% in early Friday trading after the company posted fiscal first-quarter results that fell on the top line but easily cleared earnings expectations.

Booz Allen Hamilton Holding Corporation, BAH

Q1 adjusted EPS came in at $1.81, well ahead of the $1.48 FactSet consensus. Net income dropped to $198 million, or $1.63 per share, from $271 million, or $2.16 per share, in the same period last year.

Revenue fell 4.2% year-over-year to $2.8 billion, just shy of the $2.81 billion Wall Street had penciled in.

… Continue reading the full article at the original source below.