Booz Allen Hamilton Holding Corp Reports Record Backlog and Raises Cash Flow Guidance
Booz Allen Hamilton Holding Corp has announced a record backlog and increased its cash flow guidance, surpassing earnings expectations for the first quarter.
The company’s profit for the first quarter increased compared to the same period last year, with earnings per share exceeding forecasts by $0.02. This represents a positive deviation from analyst estimates.
Key financial metrics for the first quarter include:
- Earnings per share: $1.45 (forecast: $1.43)
- Revenue growth: 0.17% (forecast: 0.17%)
- Cash flow guidance: increased
Despite revenue falling short of expectations, the stock price rose by 4% following the announcement. The company’s market capitalization has reached a notable level, reflecting the stock price increase.
The company is set to present its quarterly numbers, with analysts predicting a profit of $1.45 per share and a revenue increase of 0.17% compared to the previous year.