In its upcoming report, Bowman Consulting (BWMN) is predicted by Wall Street analysts to post quarterly earnings of $0.47 per share, reflecting a decline of 14.6% compared to the same period last year. Revenues are forecasted to be $148.48 million, representing a year-over-year increase of 21.6%.

Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

In light of this perspective, let's dive into the average estimates of certain Bowman Consulting metrics that are commonly tracked and forecasted by Wall Street analysts.

The collective assessment of analysts points to an estimated 'Gross Revenue- Building Infrastructure' of $57.88 million. The estimate indicates a change of +2.3% from the prior-year quarter.

Analysts forecast 'Gross Revenue- Natural Resources & Imaging' to reach $21.42 million. The estimate suggests a change of +52.2% year over year.

According to the collective judgment of analysts, 'Gross Revenue- Power and Utilities' should come in at $37.62 million. The estimate indicates a year-over-year change of +40.1%.

The consensus estimate for 'Gross Revenue- Transportation' stands at $28.94 million. The estimate indicates a change of +17.6% from the prior-year quarter.

The combined assessment of analysts suggests that 'Net service billing' will likely reach $129.33 million. The estimate compares to the year-ago value of $108.00 million.

The average prediction of analysts places 'Sub-consultants and expenses' at $18.21 million.

View all Key Company Metrics for Bowman Consulting here>>>

Shares of Bowman Consulting have demonstrated returns of -4% over the past month compared to the Zacks S&P 500 composite's +3.3% change. With a Zacks Rank #3 (Hold), BWMN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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Bowman Consulting Group Ltd. (BWMN): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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