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

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

BigBear.ai Trading Down 9.9 %

BBAI stock traded down $0.18 during trading on Wednesday, hitting $1.59. The company had a trading volume of 5,186,319 shares, compared to its average volume of 6,560,163. The firm has a 50-day moving average price of $1.58 and a 200-day moving average price of $1.51. BigBear.ai has a 12 month low of $1.17 and a 12 month 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 stock has a market cap of $396.36 million, a price-to-earnings ratio of -1.88 and a beta of 3.46.

Insider Buying and Selling at BigBear.ai

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction on 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

BBAI has been the subject of several research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of BigBear.ai in a report on Wednesday.

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.