Booz Allen Hamilton's prelim Q2 revenue slightly misses estimates

Booz Allen Hamilton Holding

Yesterday 11:56

Overview
Advanced technology company's preliminary fiscal Q2 revenue slightly missed analyst expectations
Adjusted EPS for preliminary fiscal Q2 was $1.76

Outlook
Booz Allen narrows FY27 revenue guidance to $11.3-$11.6 bln from $11.2-$11.7 bln
The company raises the lower end of FY27 adjusted EBITDA guidance to $1.260-$1.290 bln from $1.240-$1.290 bln
FY27 adjusted diluted EPS guidance rises to $6.50-$6.70 from $6.00-$6.35 

Result Drivers
REVENUE MIX – Q2 Civil and Commercial revenue fell to $702 mln from $827 mln, outweighing National Security's rise to $2.08 bln from $2.06 bln
LOWER TAX EXPENSE – Q2 net income rose despite lower operating income as income-tax expense fell to $18 mln from $58 mln; other income was $6 mln versus a $2 mln expense
ORDER FLOW – Q2 book-to-bill was 1.5x and total backlog reached $40.93 bln, up from $40.19 bln a year earlier

Company press release: ID:nBw5f45Yla

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$2.8 bln
$2.81 bln (13 Analysts)
Q2 Adjusted EPS
 
$1.76
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy."
Wall Street's median 12-month price target for Booz Allen Hamilton Holding Corporation is $77.00, about 2% above its October 22 closing price of $78.57
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago

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Oct 20 - RTX beats Q3 earnings expectations, lifts guidance amid robust demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)