Booz Allen Hamilton Earnings: Here’s the Numbers You Need to Know
Booz Allen Hamilton (NYSE:BAH) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 4.32%.
Booz Allen Hamilton Earnings Cheat Sheet
Results: Net income decreased -5.03% to $59.7 million (38 cents per diluted share) in the quarter versus a net gain of $62.86 million in the year-earlier quarter.
Revenue: Decreased 3.65% to $1.39 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Booz Allen Hamilton reported adjusted net income of 38 cents per share. By that measure, the company met the mean analyst estimate of $0.38. It missed the average revenue estimate of $1.43 billion.
Quoting Management: Ralph W. Shrader, Booz Allen’s Chairman, Chief Executive Officer, and President, said “We continued to grow adjusted earnings and maintained solid margins despite the challenging market conditions for government contractors. We will pay our fifth regular quarterly dividend next month, and we continue to deliver a total return to our shareholders that is among the top in the government services sector…
…We are focused on the things we can control in this uncertain federal budget environment – and there are many. We can control the quality of work we do for our clients, the attention we pay to contractual requirements and deliverables, and the ethics and integrity with which we do business. We can reduce costs, manage our operations with agility and precision, and keep a strong balance sheet, income statement, and cash flow so we have financial flexibility. At every level in our Company, we are making changes to ensure our cost competitiveness to win and perform work in the current business environment – including recent major wins from the US Navy, Air Force, Environmental Protection Agency, and Department of Justice. In this way, we deliver value to clients and maintain quality jobs for our people,” Dr. Shrader said.
Revenue increased 0.17% from $1.39 billion in the previous quarter. Net income increased 29.44% from $46.12 million in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.39 to a profit $0.4. For the current year, the average estimate has moved up from a profit of $1.6 to a profit of $1.63 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials.)