- Investment firms Roth Capital and Zacks Investment Research have issued "Buy" ratings, signaling strong confidence in Bowman Consulting's future performance.
- The company reported a 12% increase in quarterly revenue and a 100% year-over-year earnings per share growth, alongside raising its 2026 revenue guidance by over 20%.
- Roth Capital increased its price target for Bowman Consulting to $58.00, indicating substantial upside potential from its current stock price.
Bowman Consulting (NASDAQ: BWMN) is a professional services firm that provides planning, engineering, and construction management to various markets. The company operates in a competitive industry, offering services for infrastructure and building projects. With a market capitalization of about $595.04 million, Bowman Consulting is a notable player in its sector.
Investment firm Roth Capital reiterates its "Buy" rating for Bowman Consulting, signaling confidence in the stock's future performance. This positive view is shared by others, as Zacks Investment Research also upgraded the company to a "Buy." The upgrade is due to growing optimism about Bowman Consulting's ability to earn more money in the future.
Roth Capital also increased its price target for Bowman Consulting to $58.00 from $50.00, suggesting the stock has significant room to grow from its price of $34.75. This aligns with the company's own forecast. As highlighted by GlobeNewswire, Bowman Consulting raised its guidance and now expects revenue to grow by over 20% for the year 2026.
In its latest quarterly report, Bowman Consulting announced earnings of $0.14 per share. While this missed the Zacks Consensus Estimate of $0.21, it represents a 100% increase from the $0.07 per share earned in the same quarter last year. This shows strong year-over-year earnings growth despite not meeting analyst expectations for the quarter.
The company's revenue for the quarter was $126.48 million, a 12% increase from the prior year's $112.93 million. CEO Gary Bowman notes Bowman Consulting is in a "strong position" because of record-setting backlog growth. A backlog is the total value of contracted work that has not yet been completed, indicating future revenue.
