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

BigBear.ai (NYSE:BBAI) released its earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02, Briefing.com reports. The company had revenue of $39.78 million during the quarter, compared to analyst estimates of $46.55 million. During the same period in the prior year, the business posted ($0.12) earnings per share. BigBear.ai’s revenue was up 3.4% on a year-over-year basis. BigBear.ai updated its FY 2024 guidance to EPS.

BigBear.ai Stock Performance

Shares of NYSE:BBAI traded down $0.06 on Friday, reaching $1.34. 4,151,137 shares of the company’s stock were exchanged, compared to its average volume of 2,979,085. The firm has a market capitalization of $329.75 million, a price-to-earnings ratio of -1.49 and a beta of 3.52. BigBear.ai has a fifty-two week low of $1.16 and a fifty-two week high of $4.80. The business’s 50-day moving average is $1.45 and its two-hundred day moving average is $1.80. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.90.

Analysts Set New Price Targets

Separately, HC Wainwright decreased their target price on shares of BigBear.ai from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday.

Insiders Place Their Bets

In other news, Director Pamela Joyce Braden acquired 140,939 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average price of $1.49 per share, with a total value of $209,999.11. Following the acquisition, the director now directly owns 446,396 shares in the company, valued at $665,130.04. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.

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.