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Bowman Consulting Group (BWMN)
NASDAQ:BWMN
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Earnings Data
Report Date
Mar 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.27Last Year’s EPS
$0.31Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 4.17%
|Next Earnings Date:Mar 24, 2025
Earnings Call Sentiment|Positive
The call highlighted significant revenue growth milestones, strong acquisition impacts, and a healthy backlog increase. However, it also addressed leadership transitions and restructuring costs. The positive aspects outweigh the challenges, indicating a strong performance trajectory.Company Guidance
During the Bowman Consulting Group's Q3 2024 earnings call, the company provided guidance reflecting a strong financial performance and future growth expectations. In Q3, Bowman achieved a milestone with net revenue exceeding $100 million for the first time, contributing to a year-to-date gross revenue of $313 million, marking a 24% increase year-over-year. The adjusted EBITDA for the quarter was nearly $17 million, representing a 16.7% margin on net revenue, despite $1.6 million in onetime labor restructuring costs. The backlog grew by 27% year-over-year, with a book-to-burn ratio well above 1. Looking ahead to 2025, Bowman projects net revenue between $422 million and $437 million, indicating 5% to 9% organic growth, and an adjusted EBITDA margin of 16% to 17%. The company also highlighted the expected benefits from the acquisition of ExelTech Consulting and noted ongoing strength in its transportation and emerging markets sectors.Record Revenue Achievement
The company reported over $100 million of net revenue for the first time in its history, marking a significant milestone since its 2020 revenue of $103 million.
Strong Year-Over-Year Growth
Gross revenue increased by 21% year-over-year to $113.9 million, and net revenue went up by 23% to $101 million.
Notable Backlog Growth
The company's backlog grew 27% year-over-year, with a $28 million increase since Q2.
Positive Acquisition Impact
Acquisitions such as ExelTech and Surdex have positively impacted the company's growth, with ExelTech enhancing transportation practice and Surdex contributing to aerial survey capabilities.
Improved Gross Margin
Gross margin for the quarter improved to 52.4% from 51.6% in the same quarter last year.
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BWMN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BWMN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $23.50 | $23.54 | +0.17% |
| Aug 06, 2024 | $31.73 | $25.33 | -20.17% |
| May 06, 2024 | $30.41 | $33.24 | +9.31% |
| Mar 11, 2024 | $33.62 | $40.03 | +19.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bowman Consulting Group (BWMN) report earnings?
Bowman Consulting Group (BWMN) is schdueled to report earning on Mar 24, 2025, TBA Not Confirmed.
What is Bowman Consulting Group (BWMN) earnings time?
Bowman Consulting Group (BWMN) earnings time is at Mar 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BWMN EPS forecast?
BWMN EPS forecast for the fiscal quarter 2024 (Q4) is $0.27.
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