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Booz Allen Hamilton (BAH) Stock Sinks As Market Gains: Here's Why
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In the latest trading session, Booz Allen Hamilton (BAH - Free Report) closed at $73.17, marking a -2.93% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.46%. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, added 0.45%.
Coming into today, shares of the defense contractor had gained 2.43% in the past month. In that same time, the Business Services sector gained 1.36%, while the S&P 500 gained 2%.
The investment community will be closely monitoring the performance of Booz Allen Hamilton in its forthcoming earnings report. The company is forecasted to report an EPS of $1.43, showcasing a 4.03% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.8 billion, indicating a 3.09% decrease compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.25 per share and revenue of $11.45 billion. These totals would mark changes of -3.99% and +2.08%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Booz Allen Hamilton. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.56% higher within the past month. Booz Allen Hamilton presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Booz Allen Hamilton is currently being traded at a Forward P/E ratio of 12.07. This expresses a discount compared to the average Forward P/E of 16.11 of its industry.
One should further note that BAH currently holds a PEG ratio of 3.94. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Consulting Services industry held an average PEG ratio of 1.06.
The Consulting Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 51, finds itself in the top 21% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Booz Allen Hamilton (BAH) Stock Sinks As Market Gains: Here's Why
In the latest trading session, Booz Allen Hamilton (BAH - Free Report) closed at $73.17, marking a -2.93% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.46%. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, added 0.45%.
Coming into today, shares of the defense contractor had gained 2.43% in the past month. In that same time, the Business Services sector gained 1.36%, while the S&P 500 gained 2%.
The investment community will be closely monitoring the performance of Booz Allen Hamilton in its forthcoming earnings report. The company is forecasted to report an EPS of $1.43, showcasing a 4.03% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.8 billion, indicating a 3.09% decrease compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.25 per share and revenue of $11.45 billion. These totals would mark changes of -3.99% and +2.08%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Booz Allen Hamilton. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.56% higher within the past month. Booz Allen Hamilton presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Booz Allen Hamilton is currently being traded at a Forward P/E ratio of 12.07. This expresses a discount compared to the average Forward P/E of 16.11 of its industry.
One should further note that BAH currently holds a PEG ratio of 3.94. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Consulting Services industry held an average PEG ratio of 1.06.
The Consulting Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 51, finds itself in the top 21% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.