Q2 2023 EPS Estimates for BigBear.ai Holdings, Inc. (NYSE:BBAI) Lifted by Northland Capmk

Posted by on Mar 17th, 2023

BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Rating) – Equities researchers at Northland Capmk lifted their Q2 2023 earnings per share estimates for shares of BigBear.ai in a note issued to investors on Tuesday, March 14th. Northland Capmk analyst M. Latimore now anticipates that the company will earn ($0.06) per share for the quarter, up from their prior forecast of ($0.07). The consensus estimate for BigBear.ai’s current full-year earnings is ($0.35) per share. Northland Capmk also issued estimates for BigBear.ai’s Q4 2023 earnings at ($0.05) EPS and FY2023 earnings at ($0.24) EPS.

BigBear.ai Stock Performance

BBAI opened at $1.64 on Thursday. The stock has a market cap of $231.49 million, a P/E ratio of -1.85 and a beta of 4.12. The company has a debt-to-equity ratio of 33.05, a current ratio of 1.83 and a quick ratio of 1.83. The stock’s 50 day simple moving average is $2.95 and its 200 day simple moving average is $1.78. BigBear.ai has a 1-year low of $0.58 and a 1-year high of $16.12.

BigBear.ai (NYSE:BBAI – Get Rating) last released its quarterly earnings results on Monday, March 13th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.14). The firm had revenue of $40.36 million during the quarter, compared to analyst estimates of $39.96 million. BigBear.ai had a negative return on equity of 719.34% and a negative net margin of 78.49%. During the same quarter in the prior year, the company earned ($0.70) EPS.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently bought and sold shares of BBAI. Invesco Ltd. purchased a new stake in BigBear.ai in the 1st quarter valued at approximately $2,953,000. Goldman Sachs Group Inc. purchased a new stake in BigBear.ai in the 1st quarter valued at approximately $142,000. Credit Suisse AG purchased a new stake in BigBear.ai in the 2nd quarter valued at approximately $55,000. Greenhaven Road Investment Management L.P. purchased a new stake in BigBear.ai in the 2nd quarter valued at approximately $2,291,000. Finally, UBS Group AG lifted its stake in BigBear.ai by 344.9% in the 3rd quarter. UBS Group AG now owns 58,364 shares of the company’s stock valued at $92,000 after buying an additional 45,247 shares in the last quarter. Hedge funds and other institutional investors own 1.47% of the company’s stock.

BigBear.ai Company Profile

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BigBear.ai Holdings, Inc provides artificial intelligence and machine learning for decision support. The company operates through two segments, Cyber & Engineering and Analytics. The Cyber & Engineering segment offers high-end technology and management consulting services. It focuses in the areas of cloud engineering and enterprise IT, cybersecurity, computer network operations and wireless, systems engineering, and strategy and program planning.

Further Reading

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