Down -16.95% in 4 Weeks, Here's Why Booz Allen (BAH) Looks Ripe for a Turnaround

Core Viewpoint - Booz Allen Hamilton (BAH) has experienced a significant downtrend, with a 17% decline in stock price over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Stock Performance and Technical Indicators - BAH's stock has faced heavy selling pressure, leading to an RSI reading of 24.11, indicating it is oversold and may soon experience a trend reversal [5]. - The Relative Strength Index (RSI) is a momentum oscillator that helps identify oversold conditions when the reading falls below 30, suggesting potential entry opportunities for investors [2][3]. Group 2: Earnings Estimates and Analyst Consensus - There is a strong consensus among sell-side analysts to raise earnings estimates for BAH, resulting in a 1.2% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [6]. - BAH holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a near-term turnaround [7].