Bowman Consulting jumps after quarterly results beat

Bowman Consulting

12/03/2025 19:21

** Shares of Bowman Consulting Group BWMN.O jump as much as 23.9%; last up 16% at $21.81 in afternoon trade

** Professional services firm, late Tuesday, reported Q4 profit above Wall Street expectations

** CEO Gary Bowman says firm saw strong bookings in the second half of 2024, with the momentum extending into 2025

** BofA Global Research reiterates "buy" rating, adding that it continues to view the firm as well positioned to drive growth via M&A

** Adds that it expects BWMN shares to climb longer term, as the construction market picks up

** All five brokerages covering the stock rate it "buy" or higher, with a median PT of $34, according to data compiled by LSEG

** BWMN stock down 12% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))