Bowman Consulting Q1 revenue rises, beats estimates

Bowman Consulting

05/05/2026 22:06

Overview

US engineering services firm's Q1 gross contract revenue up 12%, beating analyst expectations

Adjusted EPS for Q1 doubled year-over-year to $0.14

Company executed $146.7 mln contract modification with US agency, raised 2026 revenue guidance

Outlook

Bowman raises 2026 net revenue guidance to $520 mln-$540 mln from $495 mln-$510 mln

Company expects 2026 adjusted EBITDA margin of 17.2%-17.7%, up from prior 17.0%-17.5%

Outlook excludes contributions from future acquisitions not yet completed

Result Drivers

BACKLOG GROWTH - Co cited record-setting backlog growth as positioning it for outsized organic growth over the next couple of years

STRONG MARKET DEMAND - Co said strength of demand across market verticals supported margin expansion and revenue growth

ACQUISITIONS AND CONTRACT WINS - Co pointed to recent acquisitions and a $146.7 mln US government contract modification as expanding service capabilities and backlog

Company press release: ID:nGNXd0lcJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Gross Contract Revenue
Beat
$126.48 mln
$124.92 mln (7 Analysts)
Q1 Net Income
-$3.70 mln
Q1 Adjusted EBITDA
$16.80 mln
Q1 Adjusted EBITDA Margin
14.70%
Q1 Income From Operations
$104,000
Q1 Operating Expenses
$65.79 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "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 $47.50, about 46.3% above its May 4 closing price of $32.47

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 31 three months ago

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.)