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

BigBear.ai (NYSE:BBAI - Get Free Report) issued its earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02, Briefing.com reports. The business had revenue of $39.78 million during the quarter, compared to the consensus estimate of $46.55 million. During the same period last year, the business posted ($0.12) EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. BigBear.ai updated its FY 2024 guidance to EPS.

BigBear.ai Trading Down 4.3 %

NYSE:BBAI traded down $0.06 during trading hours on Friday, hitting $1.34. The stock had a trading volume of 4,151,137 shares, compared to its average volume of 2,979,085. The business's 50 day moving average is $1.45 and its 200-day moving average is $1.80. The company has a market cap of $329.75 million, a price-to-earnings ratio of -1.49 and a beta of 3.52. BigBear.ai has a one year low of $1.16 and a one year high of $4.80. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.98 and a current ratio of 1.98.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright dropped their price objective on BigBear.ai from $5.00 to $3.00 and set a "buy" rating for the company in a report on Friday.

Insider Activity

In other BigBear.ai news, Director Pamela Joyce Braden bought 140,939 shares of BigBear.ai stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average price of $1.49 per share, for a total transaction of $209,999.11. Following the completion of the acquisition, the director now owns 446,396 shares of the company's stock, valued at approximately $665,130.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by company insiders.

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.