Bowman Consulting Group (NASDAQ:BWMN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$113.9m (up 21% from 3Q 2023).

• Net income: US$771.0k (down 26% from 3Q 2023).

• Profit margin: 0.7% (down from 1.1% in 3Q 2023).

• EPS: US$0.047 (down from US$0.081 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bowman Consulting Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 51%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are up 16% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Bowman Consulting Group that we have uncovered.

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