Bowman Consulting: Fourth Quarter Earnings Overview

Bowman Consulting Group Announces Fourth Quarter Financial Results

Bowman Consulting Group Ltd., headquartered in Reston, Virginia, revealed a net income of $1.9 million for the fourth quarter.

The company reported earnings of $0.11 per share. After adjusting for one-time expenses and stock-based compensation, adjusted earnings reached $0.45 per share.

These results surpassed analysts’ expectations, as the consensus among three Zacks Investment Research analysts had projected earnings of $0.38 per share.

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

For the full fiscal year, the firm posted a profit of $12.2 million, or $0.73 per share, with total revenue amounting to $490 million.

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

Financial data sourced from Zacks Investment Research.