Bowman Consulting Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Bowman Consulting Group (NASDAQ:BWMN) Full Year 2023 Results
Key Financial Results
Revenue: US$346.3m (up 32% from FY 2022).
Net loss: US$6.62m (down by 257% from US$4.22m profit in FY 2022).
US$0.53 loss per share (down from US$0.39 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bowman Consulting Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates significantly.
In the last 12 months, the only revenue segment was Providing Engineering and Related Professional Services to Its Customers contributing US$346.3m. The largest operating expense was General & Administrative costs, amounting to US$158.4m (87% of total expenses). Explore how BWMN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Construction industry in the US.
Performance of the American Construction industry.
The company's shares are up 15% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Bowman Consulting Group, and understanding it should be part of your investment process.
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