Bridger Aerospace Group (NASDAQ:BAER) Posts Earnings Results, Beats Expectations By $0.16 EPS

Key Points

• Bridger Aerospace Group reported a quarterly earnings per share (EPS) of ($0.12), exceeding expectations by $0.16 compared to the consensus estimate of ($0.28).
• The company's revenue for the quarter was $30.75 million, significantly below the consensus estimate of $65.20 million.
• Canaccord Genuity increased their price target for Bridger Aerospace Group's stock from $5.00 to $5.25, maintaining a "buy" rating.

Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) released its quarterly earnings results on Thursday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.16, Zacks reports. The company had revenue of $30.75 million for the quarter, compared to the consensus estimate of $65.20 million. Bridger Aerospace Group updated its FY 2025 guidance to EPS.

Bridger Aerospace Group Stock Up 5.0%

NASDAQ:BAER traded up $0.10 during mid-day trading on Thursday, hitting $2.10. 669,114 shares of the company traded hands, compared to its average volume of 247,745. The stock's fifty day moving average price is $1.84 and its 200-day moving average price is $1.75. Bridger Aerospace Group has a one year low of $1.02 and a one year high of $4.43. The firm has a market cap of $114.91 million, a price-to-earnings ratio of -3.62 and a beta of 0.16.

Institutional Trading of Bridger Aerospace Group

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in Bridger Aerospace Group during the second quarter valued at about $73,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Bridger Aerospace Group in the first quarter worth about $41,000. Finally, XTX Topco Ltd bought a new position in shares of Bridger Aerospace Group in the second quarter worth about $26,000. Institutional investors own 48.94% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their price target on Bridger Aerospace Group from $5.00 to $5.25 and gave the company a "buy" rating in a report on Wednesday, May 28th.

About Bridger Aerospace Group

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.