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

BigBear.ai (NYSE:BBAI) released its earnings results 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 firm had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. BigBear.ai updated its FY 2024 guidance to EPS.

BigBear.ai Stock Performance

Shares of NYSE:BBAI traded up $0.02 during midday trading on Friday, reaching $1.76. 2,713,640 shares of the company’s stock traded hands, compared to its average volume of 6,559,603. The company has a market cap of $438.88 million, a price-to-earnings ratio of -1.91 and a beta of 3.46. The company has a debt-to-equity ratio of 1.99, a quick ratio of 2.10 and a current ratio of 2.10. BigBear.ai has a one year low of $1.17 and a one year high of $4.80. The stock has a 50 day moving average of $1.58 and a 200 day moving average of $1.52.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of BigBear.ai in a research note on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a report on Wednesday.

Insider Activity

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