BigBear.ai Holdings, Inc. (NYSE:BBAI) Expected to Announce Quarterly Sales of $40.87 Million

Equities research analysts forecast that BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Rating) will report $40.87 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for BigBear.ai’s earnings, with the lowest sales estimate coming in at $38.21 million and the highest estimate coming in at $44.40 million. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that BigBear.ai will report full-year sales of $181.93 million for the current fiscal year, with estimates ranging from $180.00 million to $185.68 million. For the next fiscal year, analysts anticipate that the business will post sales of $233.52 million, with estimates ranging from $206.00 million to $258.56 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for BigBear.ai.

BigBear.ai (NYSE:BBAI – Get Rating) last posted its earnings results on Thursday, March 17th. The company reported ($0.70) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.68). The firm had revenue of $33.48 million for the quarter, compared to analysts’ expectations of $42.23 million.

Several equities analysts recently weighed in on the stock. William Blair began coverage on shares of BigBear.ai in a report on Wednesday, February 9th. They issued a “market perform” rating on the stock. Zacks Investment Research downgraded BigBear.ai from a “hold” rating to a “sell” rating in a research note on Monday, May 9th. Finally, Oppenheimer began coverage on shares of BigBear.ai in a report on Monday, March 28th. They set an “outperform” rating and a $10.00 target price for the company.

Shares of NYSE:BBAI opened at $7.60 on Wednesday. The firm has a 50-day simple moving average of $9.28. BigBear.ai has a 12 month low of $4.45 and a 12 month high of $16.12. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 3.81.

A number of hedge funds have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC acquired a new position in shares of BigBear.ai in the fourth quarter valued at $44,000. Wolverine Asset Management LLC bought a new stake in BigBear.ai in the fourth quarter worth approximately $59,000. Goldman Sachs Group Inc. acquired a new position in shares of BigBear.ai during the first quarter worth approximately $142,000. Gillson Capital LP purchased a new position in BigBear.ai during the 4th quarter worth $243,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in BigBear.ai during the fourth quarter valued at about $434,000. 48.42% of the stock is owned by hedge funds and other institutional investors.

About BigBear.ai (Get Rating)

BigBear.ai Holdings, Inc provides decision support analytics solutions for the defense, intelligence, federal civilian, manufacturing, supply chain, logistics, and commercial markets. Its solutions enable customers to catalog, curate, manage, automate, and visualize data feeds that can be leveraged to inform decision-making and create decision advantages in various operational environments.

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