BigBear.ai (NYSE:BBAI) Releases Earnings Results, Beats Estimates By $0.02 EPS

BigBear.ai (NYSE:BBAI) released its earnings results on Tuesday. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02, Briefing.com reports. The company had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. BigBear.ai’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS. BigBear.ai updated its FY 2024 guidance to EPS.

BigBear.ai Stock Performance

NYSE:BBAI traded up $0.15 during mid-day trading on Thursday, reaching $1.74. The company’s stock had a trading volume of 7,359,695 shares, compared to its average volume of 6,577,300. BigBear.ai has a 12-month low of $1.17 and a 12-month high of $4.80. The firm’s fifty day moving average price is $1.58 and its two-hundred day moving average price is $1.51. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.99. The stock has a market cap of $433.88 million, a P/E ratio of -1.93 and a beta of 3.46.

Insider Activity

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the transaction, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

BBAI has been the topic of a number of research analyst reports. HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of BigBear.ai in a report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price objective on shares of BigBear.ai in a report on Wednesday.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.