BigBear.ai (BBAI) to Release Quarterly Earnings on Thursday

BigBear.ai (NYSE:BBAI) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. BigBear.ai has set its FY 2024 guidance at EPS.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Thursday, March 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $40.56 million during the quarter, compared to the consensus estimate of $42.75 million. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.23) EPS. On average, analysts expect BigBear.ai to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BigBear.ai Stock Down 1.2 %

Shares of NYSE:BBAI opened at $1.69 on Thursday. The business has a fifty day moving average of $2.27 and a two-hundred day moving average of $1.91. The stock has a market cap of $410.04 million, a P/E ratio of -4.02 and a beta of 3.68. BigBear.ai has a 52-week low of $1.16 and a 52-week high of $4.80.

Insider Transactions at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 36,250 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $2.07, for a total transaction of $75,037.50. Following the completion of the transaction, the chief accounting officer now directly owns 99,428 shares in the company, valued at approximately $205,815.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $2.69, for a total transaction of $14,949,252.67. Following the transaction, the director now owns 159,186,896 shares of the company’s stock, valued at approximately $428,212,750.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Sean Raymond Ricker sold 36,250 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $2.07, for a total value of $75,037.50. Following the transaction, the chief accounting officer now directly owns 99,428 shares in the company, valued at approximately $205,815.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,838,420 shares of company stock worth $15,635,973. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reiterated an “overweight” rating and set a $3.00 price target on shares of BigBear.ai in a report on Monday, March 4th.

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.