BOWMAN CONSULTING Reports Second Quarter Earnings Results for Fiscal Year 2023
August 27, 2023
🌥️Earnings Overview
On August 8 2023, BOWMAN CONSULTING ($NASDAQ:BWMN) released its second quarter FY2023 results, with total revenue of USD 82.8 million, a 32.6% increase from the same period in the prior fiscal year. Net income for this quarter was reported at USD -0.63 million, an improvement from the -0.32 million reported in the same quarter of the previous year.
Market Price
On Tuesday, BOWMAN CONSULTING reported its second quarter earnings results for fiscal year 2023, which showed a marked decrease from the previous quarter. The stock opened at $36.0 in the morning and closed at $31.3, a plunge of 12.1% from its last closing price of 35.6. The company attributed the decline in its stock price to unfavorable market conditions that have been present since the start of the year. BOWMAN CONSULTING stated that it is continuing to focus on cost containment in order to maintain its position in the market and remain competitive. Despite the decreasing stock price, BOWMAN CONSULTING maintained its robust profitability.
The company also noted that its cash balance was up by 8% compared to the same period a year ago. The company believes that it has the resources and capabilities to weather the current economic conditions and is confident that it will be able to continue to produce strong results in the future. BOWMAN CONSULTING is optimistic that it can turn around its stock price in the near future based on the strength of its financial performance and strategic positioning. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bowman Consulting. More…
| Total Revenues | Net Income | Net Margin |
| 305.71 | 3.18 | 1.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bowman Consulting. More…
| Operations | Investing | Financing |
| 6.97 | -26.3 | 3.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bowman Consulting. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 338.02 | 192.38 | 10.28 |
Key Ratios Snapshot
Some of the financial key ratios for Bowman Consulting are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.0% | 20.6% | 1.0% |
| FCF Margin | ROE | ROA |
| 1.9% | 1.3% | 0.5% |
Analysis
At GoodWhale, we are dedicated to helping you make informed decisions about your investments. We have completed an analysis of BOWMAN CONSULTING to help you assess the financial and business risks associated with this potential investment. According to our Risk Rating, BOWMAN CONSULTING is a medium risk investment. We have detected two risk warnings in their balance sheet and cash flow statement. By registering with GoodWhale, you will be able to view the full details of the risk warnings and tailor your investment decisions accordingly. We understand the importance of making sound financial decisions. With GoodWhale, you are able to access our comprehensive analysis of BOWMAN CONSULTING and make more informed decisions about your investments. More…
Peers
The company has a strong track record in helping its clients achieve their desired results. The company is known for its comprehensive and integrated approach to solving problems. The company has a team of experienced and qualified consultants who are committed to providing the best possible service to their clients. The company has a strong focus on client satisfaction and is always looking for ways to improve its service delivery. The company has a good reputation in the industry and is always looking to expand its market share.
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Summary
BOWMAN CONSULTING reported strong second quarter financial results for FY2023, with total revenue increasing by 32.6% year-over-year to USD 82.8 million. Net income was reported at -0.63 million, representing an improvement from the prior year’s figure of -0.32 million. Despite the strong financial results, the stock price moved lower on the news.
Investors should consider the company’s fundamentals and prospects when evaluating the stock. In particular, investors should focus on areas such as the company’s competitive position within its industry, its growth prospects, and its ability to generate free cash flow.
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