Bridger Aerospace Group (NASDAQ:BAER) Issues Quarterly 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) announced its earnings results on Thursday. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.16, Zacks reports. The company had revenue of $30.75 million during 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 Performance

Shares of Bridger Aerospace Group stock traded down $0.17 on Friday, reaching $1.88. 475,605 shares of the company's stock were exchanged, compared to its average volume of 202,835. The company has a market capitalization of $102.87 million, a P/E ratio of -3.24 and a beta of 0.16. Bridger Aerospace Group has a 52 week low of $1.02 and a 52 week high of $4.43. The firm's 50-day moving average is $1.83 and its two-hundred day moving average is $1.78.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Bridger Aerospace Group

A hedge fund recently bought a new stake in Bridger Aerospace Group stock. Dynamic Technology Lab Private Ltd bought a new position in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 35,881 shares of the company's stock, valued at approximately $41,000. Dynamic Technology Lab Private Ltd owned approximately 0.07% of Bridger Aerospace Group as of its most recent SEC filing. 48.94% of the stock is currently owned by institutional investors and hedge funds.

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.

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