Bowman Consulting: Fourth Quarter Earnings Overview

Bowman Consulting Group Announces Fourth-Quarter Financial Results

Bowman Consulting Group Ltd., based in Reston, Virginia, revealed on Wednesday that it earned $1.9 million in net income for the fourth quarter.

The company reported earnings of 11 cents per share. When excluding certain one-time expenses and stock option costs, adjusted earnings reached 45 cents per share.

These results surpassed analysts’ expectations. According to a survey by Zacks Investment Research involving three analysts, the consensus estimate was 38 cents per share.

During the quarter, Bowman Consulting generated $129 million in revenue, exceeding the $128.9 million forecasted by analysts polled by Zacks.

For the full year, the company posted a profit of $12.2 million, or 73 cents per share, with annual revenue totaling $490 million.

Since the start of the year, Bowman Consulting’s stock price has experienced modest growth. By the close of trading on Wednesday, shares reached $33.04, marking a 72% increase over the past year.