Booz Allen Shares Drop 4.4% Ahead of October Earnings

Booz Allen Hamilton shares closed at $67.35, down 4.43% from the previous session. The decline came as the S&P 500 rose 0.73%, the Dow gained 0.49% and the Nasdaq advanced 1.19%.

Over the past month, Booz Allen shares fell 4.62%. That was slightly less than the Business Services sector’s 4.68% drop, while the S&P 500 gained 0.55%.

Booz Allen is scheduled to report earnings on October 23. Analysts expect earnings of $1.44 per share, down 3.36% year over year. Revenue is forecast at $2.8 billion, a 3.09% decline from the same quarter last year.

For the annual period, Zacks Consensus Estimates call for earnings of $6.25 per share and revenue of $11.45 billion. Those figures would represent a 3.99% earnings decline and a 2.08% revenue increase from last year.

Zacks reported the company’s forward price-to-earnings ratio at 11.28, below the industry average of 15.27. The consensus earnings estimate had risen 0.15% over the past month, according to Zacks.