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

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

BigBear.ai Trading Down 9.9 %

BigBear.ai stock traded down $0.18 during mid-day trading on Wednesday, hitting $1.59. 5,186,319 shares of the company’s stock were exchanged, compared to its average volume of 6,560,163. BigBear.ai has a fifty-two week low of $1.17 and a fifty-two week high of $4.80. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $396.36 million, a P/E ratio of -1.88 and a beta of 3.46. The company’s 50 day simple moving average is $1.58 and its 200-day simple moving average is $1.51.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday. HC Wainwright restated a “buy” rating and set a $3.00 price objective on shares of BigBear.ai in a report on Wednesday.

Insiders Place Their Bets

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction dated 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 transaction, the director now owns 143,713,297 shares in the company, valued at $255,809,668.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

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.