Bowman(US:BWMN) ZACKSยท2024-11-07 00:10Core Viewpoint - Bowman Consulting (BWMN) reported quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.44 per share, representing an earnings surprise of -31.82% [1]. Financial Performance - The company posted revenues of $113.93 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.51%, compared to year-ago revenues of $94.43 million [2]. - Over the last four quarters, Bowman Consulting has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2]. Stock Performance - Bowman Consulting shares have lost about 37.5% since the beginning of the year, while the S&P 500 has gained 21.2% [3]. - The current consensus EPS estimate for the coming quarter is $0.38 on revenues of $110.37 million, and for the current fiscal year, it is $0.92 on revenues of $424.3 million [7]. Industry Outlook - The Business - Services industry, to which Bowman Consulting belongs, is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook [8]. - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5].