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Booz Allen Hamilton, The Government's AI Agent, Reports Earnings Friday. BAH Stock Is In A Buy Zone.
investors.comยท 2024-05-23 16:02
Group 1: Company Overview - Booz Allen Hamilton (BAH) is set to report fiscal fourth-quarter earnings, concluding a year of significant growth acceleration [1] - The company is recognized as a primary resource for the government in modernizing military capabilities and preparing for conflicts, with a substantial backlog due to increased government spending [1][2] Group 2: Financial Performance - Wall Street anticipates Booz Allen's earnings to increase by 22% in fiscal Q4 to $1.23 per share, with revenue projected to grow by 11.7% year-over-year to $2.72 billion [2] - For fiscal 2025, earnings per share are expected to rise approximately 10% to $5.92, while revenue is forecasted to increase about 8% to $11.48 billion [2] Group 3: Stock Performance - Booz Allen's stock surged 13.6% to $147.52 following the Q3 earnings report, and it has been trading within a buy zone after reaching a peak on March 4 [3] - The stock first surpassed the buy point on May 6 and is currently climbing, with a recent price of $153.76 [3]