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

BigBear.ai (NYSE:BBAI) posted its quarterly earnings results on Tuesday. 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 $41.51 million for the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. BigBear.ai updated its FY 2024 guidance to EPS.

BigBear.ai Stock Up 1.6 %

BBAI stock traded up $0.03 during midday trading on Friday, reaching $1.77. 2,948,662 shares of the company’s stock traded hands, compared to its average volume of 6,560,686. The company has a market cap of $441.98 million, a price-to-earnings ratio of -1.91 and a beta of 3.46. The firm’s fifty day moving average price is $1.58 and its 200-day moving average price is $1.52. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.99. BigBear.ai has a 52 week low of $1.17 and a 52 week high of $4.80.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BBAI shares. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of BigBear.ai in a research report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research report on Wednesday.

Insider Transactions at BigBear.ai

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the sale, the director now owns 143,713,297 shares in the company, valued at $255,809,668.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.

About BigBear.ai

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.