Pre-earnings brief
Reports
Fri, Oct 23, 2026
Est. EPS
$1.49
Est. revenue
$2.8B
Implied move
±11.9%
EPS beat rate
75%
Booz Allen Hamilton Holding Corporation (BAH) is a consulting firm that provides a range of services including strategy, analytics, and digital solutions. Operating in the industrials sector, the company plays a crucial role in helping government and commercial clients navigate complex challenges, particularly in areas like technology and defense.
Last quarter
In the last quarter, Booz Allen reported an EPS of $1.81, significantly beating expectations of $1.49. The stock reacted positively, gaining over 10% the following day.
Management promises and guidance
EPS beat streak
3Q
EPS beat rate
75%
Avg EPS surprise
+14.55%
Avg 1-day reaction
+0.25%
Analysts expect Booz Allen to continue its strong performance with an EPS of $1.49 and revenue of $2.8 billion. The company has a history of beating earnings estimates.
Bull case
If Booz Allen can exceed the EPS estimate and show strong revenue growth, it could indicate robust demand for its services, leading to a positive stock reaction.
Bear case
Conversely, if the company misses its EPS or revenue targets, it may raise concerns about its ability to sustain growth, potentially leading to a negative market reaction.
Key metrics to watch
EPS
$1.49Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.
Revenue
$2.8BTotal revenue reflects the overall business performance and demand for consulting services, which is critical in assessing growth.
The print will turn on these.
Q1
Will Booz Allen's EPS exceed the consensus estimate of $1.49?
A beat on EPS would reinforce the company's strong performance trend and could lead to a positive stock reaction.
Q2
What guidance will management provide regarding future revenue growth?
Clear guidance on revenue growth will be crucial for investor confidence, especially in light of recent strong performance.
—
Est. EPS
$1.38
Est. Rev
$2.3B
Impl. Move
±9.7%
Why consensus could be wrong
The consensus may be underestimating Booz Allen's ability to leverage its digital solutions, which could drive higher-than-expected revenue growth this quarter.
Supporting evidence
The company has a strong track record of exceeding EPS estimates, with a 75% beat rate in the last eight quarters.
Recent trends in government and defense spending suggest increased demand for consulting services.
Options pricing indicates a significant expected move, suggesting that traders anticipate a potential surprise.
Key risk
If the company reports revenue growth significantly above $2.9 billion, it could invalidate the cautious outlook.
Pre-commit to what would confirm each case.
The market is closely watching Booz Allen's ability to maintain its growth momentum amid a competitive consulting landscape.
Bull confirmed if
An EPS of $1.60 or higher would confirm the bull case, indicating strong operational performance.
Bear confirmed if
An EPS below $1.34 would confirm the bear case, raising concerns about the company's growth trajectory.
What the market is pricing for the move.
Implied Move
±12.29%
Historical Avg
±7.0%
The options market is pricing in a significant move, suggesting that traders anticipate volatility around the earnings announcement.
Options are pricing ±11.9% while BAH has averaged ±7.0% over the last 8 prints — setup is pricing rich.
ATM IV
0.4%
30d HV
36.4%
Smart-money positioning from the most recent 13F filings.
Institutional
100.49%
of float
Insider
1.21%
of float
Holders
766
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
13,266,423 sh · $911.3M
11.03%
6.3%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Booz Allen beats expectations, history suggests the stock could rise by about 2.11%, confirming the strength of its business model.
In line / cautious
If results are in line but management provides cautious commentary, the stock may react neutrally or slightly downwards as investors reassess growth prospects.
Miss
If the company misses its targets, history suggests a potential decline of around 5.33%, which could raise concerns about future performance.
The lines on the call that would change the story.
Vanguard Portfolio Management LLC
7,358,547 sh · $505.5M
6.12%
-6.5%
Primecap Management Company
6,397,644 sh · $439.5M
5.32%
32.5%
Vanguard Capital Management LLC
5,405,478 sh · $371.3M
4.49%
0.1%
Price (T.Rowe) Associates Inc
5,371,943 sh · $369.0M
4.47%
-19.0%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.