Within the newest buying and selling session, Booz Allen Hamilton (BAH) closed at $162.34, marking a -0.19% transfer from yesterday. The inventory’s change was greater than the S&P 500’s each day lack of 0.76%. In the meantime, the Dow skilled a drop of 0.75%, and the technology-dominated Nasdaq noticed a lower of 1.01%.
The protection contractor’s shares have seen a rise of two.65% over the past month, not maintaining with the Enterprise Providers sector’s acquire of three.52% and the S&P 500’s acquire of 4.31%.
The upcoming earnings launch of Booz Allen Hamilton might be of nice curiosity to buyers. The corporate’s earnings report is predicted on October 25, 2024. The corporate’s earnings per share (EPS) are projected to be $1.48, reflecting a 14.73% improve from the identical quarter final yr. On the similar time, our most up-to-date consensus estimate is projecting a income of $2.96 billion, reflecting a ten.85% rise from the equal quarter final yr.
For the complete yr, the Zacks Consensus Estimates undertaking earnings of $5.97 per share and a income of $11.81 billion, demonstrating modifications of +8.55% and +10.77%, respectively, from the previous yr.
Buyers must also pay attention to any latest changes to analyst estimates for Booz Allen Hamilton. These revisions assist to indicate the ever-changing nature of near-term enterprise traits. With this in thoughts, we will contemplate optimistic estimate revisions an indication of optimism concerning the firm’s enterprise outlook.
Empirical analysis signifies that these revisions in estimates have a direct correlation with impending inventory value efficiency. To make the most of this, we now have created the Zacks Rank, a proprietary mannequin that integrates these estimate modifications and offers a purposeful ranking system.
The Zacks Rank system, spanning from #1 (Robust Purchase) to #5 (Robust Promote), boasts a powerful observe file of outperformance, audited externally, with #1 ranked shares yielding a mean annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has moved 0.18% greater. Proper now, Booz Allen Hamilton possesses a Zacks Rank of #2 (Purchase).
From a valuation perspective, Booz Allen Hamilton is at the moment exchanging palms at a Ahead P/E ratio of 27.26. This signifies a premium compared to the common Ahead P/E of 23.79 for its trade.
Additionally, we must always point out that BAH has a PEG ratio of two.34. The PEG ratio bears resemblance to the ceaselessly used P/E ratio, however this parameter additionally consists of the corporate’s anticipated earnings development trajectory. By the top of yesterday’s buying and selling, the Authorities Providers trade had a mean PEG ratio of two.34.
The Authorities Providers trade is a part of the Enterprise Providers sector. This trade at the moment has a Zacks Trade Rank of three, which places it within the high 2% of all 250+ industries.
The Zacks Trade Rank assesses the vigor of our particular trade teams by computing the common Zacks Rank of the person shares included within the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
You will discover extra info on all of those metrics, and rather more, on Zacks.com.
Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
