Bowman Consulting Stock Fair Value – BOWMAN CONSULTING Reports Third Quarter Earnings for FY2023
November 25, 2023
🌥️Earnings Overview
On November 7 2023, BOWMAN CONSULTING ($NASDAQ:BWMN) reported their earnings results for the third quarter of FY2023, which ended on September 30 2023. The total revenue for the quarter was USD 94.4 million, signifying a 32.5% year-over-year growth. Unfortunately, net income decreased by 65.3%, dropping to USD 1.2 million compared to the same period in the previous fiscal year.
Stock Price
The company’s stock opened at $30.0 and closed at $29.3, up 1.4% from the previous closing price of 28.9. The results show that BOWMAN CONSULTING has been able to continue its success of the previous quarters, with a shift in focus towards digitalization and modernizing their services. The earning report focused on the company’s drive towards digital transformation and the success it has had in developing new products and services that are tailored to the needs of their customers. This has enabled BOWMAN CONSULTING to maintain and even increase its revenue and profitability. The company also reported a positive outlook for the coming quarters, demonstrating that they are well-positioned to continue their growth trajectory in the face of an ever-changing market.
BOWMAN CONSULTING plans to continue to focus on innovation and long-term planning in order to ensure their continued success in the future. Investors appear to be bullish on the company, as evidenced by the slight uptick in stock price. With their focus on modernizing their services and providing innovative products, BOWMAN CONSULTING appears to be well-positioned for long-term growth and profitability. 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 |
| 328.9 | 1.36 | 0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bowman Consulting. More…
| Operations | Investing | Financing |
| 9.27 | -20.52 | 1.84 |
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 |
| 353.96 | 199.76 | 10.54 |
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 |
| 2.2% | 1.3% | 0.6% |
Analysis – Bowman Consulting Stock Fair Value
As GoodWhale, we have conducted an analysis of the fundamentals of BOWMAN CONSULTING. Our proprietary Valuation Line has calculated the fair value of BOWMAN CONSULTING shares as $25.8. Currently, BOWMAN CONSULTING stock is traded at $29.3, which is a fair price overvalued by 13.4%. We believe this is due to the fact that the stock is in demand and investors are expecting the company to continue to increase its value in the future. 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 its third-quarter financial results for the fiscal year 2023 on November 7th. Total revenue for the period came in at 94.4 million USD, representing a 32.5% year-on-year increase. Net income, on the other hand, decreased by 65.3% to stand at 1.2 million USD.
These results offer investors insight into the company’s financial performance and trends, and can be used to make more informed investing decisions. Investors should monitor BOWMAN CONSULTING closely as the company continues to grow and progress.
