Bowman Consulting Group Q3 revenue misses estimates

Bowman Consulting

05/11/2025 21:22

Overview

Bowman Q3 gross contract revenue grows 11% yr/yr but misses analyst expectations

Net income for Q3 rises significantly compared to last year

The infrastructure engineering consulting firm expands power and data center practices through acquisitions

Outlook

Bowman reaffirms 2025 net revenue guidance of $430 mln to $442 mln

2026 net revenue expected between $465 mln and $480 mln

2026 adjusted EBITDA margin projected at 17.0% to 17.5%

Result Drivers

STRONG DEMAND - Co cites robust demand and funding for infrastructure planning as key growth drivers

ACQUISITIONS - Co expanded power and data center practices through acquisitions, enhancing service offerings

TECH ENHANCEMENTS - Co added tech-enabled tools to improve solar and site planning practices

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Gross Contract Revenue
Miss
$126.03 mln
$130.20 mln (7 Analysts)
Q3 Net Income
$6.62 mln
Q3 Adjusted EBITDA
$18.30 mln
Q3 Adjusted EBITDA Margin
16.30%
Q3 Income From Operations
$5.29 mln
Q3 Operating Expenses
$61.63 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Bowman Consulting Group Ltd is $45.00, about 5.5% above its November 4 closing price of $42.52

The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 39 three months ago

Press Release: ID:nGNXbMpbk

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(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.)