Top Wall Street Forecasters Revamp Booz Allen Hamilton Expectations Ahead Of Q3 Earnings

Core Viewpoint - Booz Allen Hamilton is expected to report a decline in earnings and revenue for the upcoming third quarter, reflecting potential challenges in the current market environment [1]. Financial Performance - Analysts predict Booz Allen Hamilton will report earnings of $1.27 per share for the fourth quarter, down from $1.55 per share in the same period last year [1]. - The consensus estimate for quarterly revenue is $2.73 billion, a decrease from $2.92 billion reported in the previous year [1]. Recent Developments - On January 12, Booz Allen announced a partnership with Andreessen Horowitz aimed at accelerating and scaling advanced technology for government applications [2]. - Following the announcement, shares of Booz Allen Hamilton increased by 0.2%, closing at $95.76 [2]. Analyst Ratings - Citigroup analyst John Godyn maintained a Neutral rating and raised the price target from $93 to $109 [3]. - Jefferies analyst Howard Rubel maintained a Hold rating and reduced the price target from $100 to $95 [3]. - UBS analyst Gavin Parsons maintained a Neutral rating and lowered the price target from $115 to $93 [3]. - Goldman Sachs analyst Noah Poponak maintained a Sell rating and cut the price target from $93 to $80 [3]. - JP Morgan analyst Seth Seifman maintained an Underweight rating and decreased the price target from $122 to $90 [3].