BigBear.ai (BBAI) Set to Announce Earnings on Thursday

BigBear.ai (NYSE:BBAI - Get Free Report) is set to announce its earnings results 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 - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.07). The business had revenue of $40.56 million for the quarter, compared to analysts' expectations of $42.75 million. During the same quarter last year, the business posted ($0.23) earnings per share. The firm's quarterly revenue was up .5% compared to the same quarter last year. 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 Price Performance

Shares of BigBear.ai stock traded down $0.02 during trading hours on Thursday, hitting $1.67. The company's stock had a trading volume of 2,609,146 shares, compared to its average volume of 10,356,577. The business has a fifty day moving average of $2.27 and a 200 day moving average of $1.91. BigBear.ai has a 1-year low of $1.16 and a 1-year high of $4.80.

Insider Transactions at BigBear.ai

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

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reissued an "overweight" rating and issued a $3.00 price objective on shares of BigBear.ai in a research 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.