Q1 2023 Earnings Forecast for BigBear.ai Holdings, Inc. (NYSE:BBAI) Issued By Oppenheimer

BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Rating) – Oppenheimer boosted their Q1 2023 earnings per share estimates for BigBear.ai in a research note issued on Tuesday, March 14th. Oppenheimer analyst I. Kidron now expects that the company will post earnings of ($0.06) per share for the quarter, up from their prior forecast of ($0.11). The consensus estimate for BigBear.ai’s current full-year earnings is ($0.35) per share. Oppenheimer also issued estimates for BigBear.ai’s Q2 2023 earnings at ($0.06) EPS, Q3 2023 earnings at ($0.06) EPS, Q4 2023 earnings at ($0.06) EPS, FY2023 earnings at ($0.23) EPS and FY2024 earnings at ($0.19) EPS.

BigBear.ai Stock Down 7.9 %

Shares of BBAI stock opened at $1.64 on Thursday. The stock has a 50 day moving average of $2.95 and a 200 day moving average of $1.78. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 33.05. The stock has a market cap of $231.49 million, a P/E ratio of -1.85 and a beta of 4.12. BigBear.ai has a twelve month low of $0.58 and a twelve month high of $16.12.

BigBear.ai (NYSE:BBAI – Get Rating) last announced its quarterly earnings results on Monday, March 13th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.14). The company had revenue of $40.36 million for the quarter, compared to analysts’ expectations of $39.96 million. BigBear.ai had a negative net margin of 78.49% and a negative return on equity of 719.34%. During the same quarter in the prior year, the business posted ($0.70) earnings per share.

Institutional Trading of BigBear.ai

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Greenhaven Road Investment Management L.P. purchased a new stake in shares of BigBear.ai during the second quarter worth approximately $2,291,000. Invesco Ltd. acquired a new position in BigBear.ai during the first quarter worth $2,953,000. UBS Group AG boosted its stake in BigBear.ai by 14.0% during the fourth quarter. UBS Group AG now owns 66,550 shares of the company’s stock worth $45,000 after buying an additional 8,186 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in BigBear.ai during the first quarter worth $142,000. Finally, Credit Suisse AG acquired a new position in BigBear.ai during the second quarter worth $55,000. 1.47% of the stock is currently owned by hedge funds and other institutional investors.

BigBear.ai Company Profile

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BigBear.ai Holdings, Inc provides artificial intelligence and machine learning for decision support. The company operates through two segments, Cyber & Engineering and Analytics. The Cyber & Engineering segment offers high-end technology and management consulting services. It focuses in the areas of cloud engineering and enterprise IT, cybersecurity, computer network operations and wireless, systems engineering, and strategy and program planning.