Advertisement
Australia markets closed

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • AUD/USD

    0.6504
    +0.0004 (+0.06%)
     

  • OIL

    82.89
    +0.08 (+0.10%)
     

  • GOLD

    2,325.60
    -12.80 (-0.55%)
     

  • Bitcoin AUD

    98,674.42
    -3,779.96 (-3.69%)
     

  • CMC Crypto 200

    1,390.09
    -34.01 (-2.39%)
     

  • AUD/EUR

    0.6073
    +0.0003 (+0.04%)
     

  • AUD/NZD

    1.0949
    +0.0007 (+0.06%)
     

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    18,088.70
    -48.95 (-0.27%)
     

  • Hang Seng

    17,287.74
    +86.47 (+0.50%)
     

  • NIKKEI 225

    37,710.66
    -749.42 (-1.95%)
     

Bowman Consulting (BWMN) Moves 5.5% Higher: Will This Strength Last?

Zacks Equity Research
·2-min read

Bowman Consulting (BWMN) shares rallied 5.5% in the last trading session to close at $11.40. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11% loss over the past four weeks.

The increased investor optimism on the stock can be attributed to the news that the company has acquired San Diego, CA - based professional design services provider, Project Design Consultants.

This professional services firm is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of -42.9%. Revenues are expected to be $54.44 million, up 49.1% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

ADVERTISEMENT

For Bowman Consulting, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BWMN going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Bowman Consulting is a member of the Zacks Business - Services industry. One other stock in the same industry, comScore (SCOR), finished the last trading session 1% higher at $2.06. SCOR has returned 6.8% over the past month.

comScore's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.14. Compared to the company's year-ago EPS, this represents a change of +50%. comScore currently boasts a Zacks Rank of #3 (Hold).


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Bowman Consulting Group Ltd. (BWMN) : Free Stock Analysis Report
 
comScore, Inc. (SCOR) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research