Brokers Issue Forecasts for BigBear.ai Holdings, Inc.’s FY2023 Earnings (NYSE:BBAI)

BigBear.ai Holdings, Inc. (NYSE:BBAI) – Equities researchers at Northland Capmk lifted their FY2023 EPS estimates for BigBear.ai in a research report issued on Wednesday, November 8th. Northland Capmk analyst M. Latimore now expects that the company will post earnings of ($0.35) per share for the year, up from their prior forecast of ($0.45). The consensus estimate for BigBear.ai’s current full-year earnings is ($0.41) per share. Northland Capmk also issued estimates for BigBear.ai’s Q4 2023 earnings at ($0.07) EPS, Q3 2024 earnings at ($0.07) EPS and FY2024 earnings at ($0.27) EPS.

BigBear.ai (NYSE:BBAI) last released its earnings results on Tuesday, November 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.10. The business had revenue of $33.99 million for the quarter, compared to analyst estimates of $41.74 million. BigBear.ai’s revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.13) EPS.

A number of other analysts also recently weighed in on the stock. HC Wainwright started coverage on shares of BigBear.ai in a research report on Tuesday, August 29th. They issued a “buy” rating and a $4.00 price target on the stock. TD Cowen began coverage on shares of BigBear.ai in a research report on Monday, October 2nd. They issued a “market perform” rating and a $2.00 price objective for the company. Finally, William Blair reiterated a “market perform” rating on shares of BigBear.ai in a report on Wednesday.

BigBear.ai Trading Up 1.3 %

NYSE BBAI opened at $1.56 on Friday. BigBear.ai has a 12 month low of $0.58 and a 12 month high of $6.77. The company has a market capitalization of $243.09 million, a PE ratio of -3.06 and a beta of 3.41. The stock has a 50-day simple moving average of $1.46 and a 200 day simple moving average of $1.90.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. acquired a new stake in BigBear.ai in the 2nd quarter valued at approximately $25,000. Wells Fargo & Company MN acquired a new stake in shares of BigBear.ai in the second quarter valued at approximately $26,000. QCM Cayman Ltd. bought a new stake in shares of BigBear.ai in the second quarter worth $27,000. Powell Investment Advisors LLC acquired a new position in BigBear.ai during the second quarter worth $28,000. Finally, American International Group Inc. bought a new position in BigBear.ai in the second quarter valued at $30,000. Institutional investors own 1.47% of the company’s stock.

BigBear.ai Company Profile

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.