BigBear.ai (NYSE:BBAI) Issues Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• BigBear.ai reported a quarterly loss of $0.06 per share, missing the consensus estimate of a $0.05 loss by $0.01. The company also posted a negative 65.20% net margin and 13.44% return on equity.
• Shares traded at $2.35, up $0.23, but remained well below the 12-month high of $7.40 and below both the 50-day and 200-day moving averages.
• Analyst sentiment is mixed but cautious: BigBear.ai has a consensus “Hold” rating and a $5.00 average price target, while recent analysts downgraded or reaffirmed “Sell” ratings.

BigBear.ai (NYSE:BBAI - Get Free Report) issued its earnings results on Tuesday. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01), Zacks reports. BigBear.ai had a negative return on equity of 13.44% and a negative net margin of 65.20%.

BigBear.ai Price Performance

Shares of NYSE:BBAI traded up $0.23 during midday trading on Tuesday, hitting $2.35. 38,810,994 shares of the stock were exchanged, compared to its average volume of 36,277,551. BigBear.ai has a twelve month low of $2.07 and a twelve month high of $7.40. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average price of $2.72 and a 200-day moving average price of $3.70. The stock has a market cap of $1.12 billion, a P/E ratio of -11.17 and a beta of 3.37.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BBAI shares. Wall Street Zen lowered BigBear.ai from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. Cantor Fitzgerald lowered their price target on BigBear.ai from $5.00 to $4.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BigBear.ai in a research note on Thursday, October 15th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BigBear.ai has a consensus rating of "Hold" and an average target price of $5.00.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc NYSE: BBAI is an artificial intelligence company that develops decision-intelligence solutions for government and commercial organizations. Its technologies are designed to help customers analyze complex data, identify risks and opportunities, and support planning and operational decision-making.

The company provides artificial intelligence and machine-learning capabilities across areas such as supply-chain management, cyber operations, logistics, autonomous systems, predictive analytics, and computer vision.

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