
BWMN Stock Forecast & Price Target
BWMN Analyst Ratings
Bulls say
Bowman Consulting Group Ltd is anticipated to achieve a 12.6% increase in net service billing, reaching $432.7 million by 2025, while adjusted EBITDA is projected to rise by 17% to $74.3 million. The company has demonstrated robust growth in its gross backlog, which increased 26% year-over-year to $306 million, with significant contributions from the building infrastructure and power & utilities segments that saw increases of 35% and 60%, respectively. Acquisitions have played a crucial role in this growth strategy, contributing over $30 million in run-rate revenue, along with strong organic growth driven by new client additions, particularly within the power and energy sectors.
Bears say
The financial outlook for Bowman Consulting Group is concerning due to decreased productivity observed in 4Q23, which was exacerbated by several holidays and recent acquisitions, potentially leading to diminished revenue and profits if economic conditions worsen. Additionally, the company faces the risk of heightened leverage ratios that could breach lending covenants, particularly in the event of a significant economic contraction and a slowdown in engineering design services. Lastly, a decline in the residential housing market poses a direct threat to the company's land planning and design services, further compounding risks to its operational results.
This aggregate rating is based on analysts' research of Bowman Consulting Group and is not a guaranteed prediction by Public.com or investment advice.
BWMN Analyst Forecast & Price Prediction
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