Booz Allen Hamilton (BAH) Reports Earnings Friday: Revenue Expected Down 6.7%

Booz Allen Hamilton (BAH) is set to report quarterly earnings Friday, facing continued pressure after missing revenue forecasts in the prior quarter. The company reported $2.89 billion in revenue, a year-over-year decline of 8.1%, falling short of analyst expectations by 2.7%. Analysts expect BAH's revenue to fall 6.7% annually to $2.72 billion this quarter, reversing a 13.5% gain from the same period last year. Adjusted earnings are projected at $1.27 per share. The company has missed Wall Street estimates three times in the past two years. Wall Street analysts have maintained their estimates over the last month, while peer Concentrix reported better-than-expected results, beating estimates by 0.7% and posting 4.3% revenue growth. Professional services stocks have gained 3.1% on average over the past month, with BAH up 14.6% during the same period. The stock trades below its average analyst price target of $102.18, currently priced at $96.28.