Booz Allen Hamilton climbs on annual forecast raise

Booz Allen Hamilton Holding

25/10/2024 13:39

** IT services and consulting firm Booz Allen Hamilton's
 BAH.N  shares rise 10.48% to $184 premarket
    ** Company now expects FY adj EPS of $6.10-$6.30 vs prior
forecast of $5.80-$6.05
    ** Also forecasts FY revenue growth of 11%-13% vs prior
expectation of 8%-11% growth
    ** BAH reports Q3 adj EPS $1.81, beating est of $1.49 - LSEG
    ** Posts Q3 revenue of $3.15 bln vs est $2.86 bln
    ** 8 of 13 brokerages rate the stock "buy" or higher, 3
"hold" and 2 "sell"; median PT $171.61
    ** As of last close, stock up 30.2% YTD

 (Reporting by Ankita Bora in Bengaluru)
 ((Ankita.Bora@thomsonreuters.com))