Booz Allen Hamilton Holding Corporation (BAH) provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally.
The company offers consulting solutions for various domains, business strategies, human capital, and operations.
It also provides analytics services, which focuses on delivering transformational solutions in the areas of artificial intelligence, such as machine learning and deep learning; data science, such as data engineering and predictive modeling; automation and decision analytics; and quantum computing.
In addition, the company designs, develops, and implements solutions built on contemporary methodologies and modern architectures; delivers engineering services and solutions to define, develop, implement, sustain, and modernize complex physical systems; and provides cyber risk management solutions, such as prevention, detection, and cost effectiveness.
Shares have formed a bullish "cup and handle" following the company's latest earnings report and upside guidance. On October 28th, BAH reported 2nd Quarter September 2022 earnings of $1.34 per share on revenue of $2.3 billion. The consensus earnings estimate was $1.12 per share on revenue of $2.2 billion. Revenue grew 9.2% on a year-over-year basis.
The company said it expects fiscal 2023 earnings of $4.25 to $4.50 per share on revenue of $9.03 billion to $9.20 billion. The company's previous guidance was earnings of $4.15 to $4.45 per share on revenue of $8.78 billion to $9.12 billion. Higher share prices are expected.
Entry Point: $108.00
Stop Loss: $103.00
Trading Range: $69.68 to $110.07
Target Price: $119.00