BigBear.ai (BBAI) to Release Quarterly Earnings on Thursday

BigBear.ai (NYSE:BBAI) will release its earnings data after the market closes on Thursday, May 2nd. Analysts expect BigBear.ai to post earnings of ($0.06) per share for the quarter. BigBear.ai has set its FY 2024 guidance at EPS.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.14) EPS 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 earned ($0.23) EPS. BigBear.ai’s 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 Trading Down 4.6 %

NYSE BBAI opened at $1.67 on Wednesday. BigBear.ai has a 12 month low of $1.16 and a 12 month high of $4.80. The company’s fifty day moving average price is $2.24 and its two-hundred day moving average price is $1.92.

Insider Transactions at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 36,250 shares of the firm’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 transaction, the chief accounting officer now directly owns 99,428 shares in the company, valued at approximately $205,815.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Sean Raymond Ricker sold 36,250 shares of the firm’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 transaction, the chief accounting officer now directly owns 99,428 shares in the company, valued at approximately $205,815.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Raluca Dinu sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $2.58, for a total transaction of $258,000.00. Following the completion of the transaction, the director now owns 523,374 shares in the company, valued at $1,350,304.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,838,420 shares of company stock worth $15,635,973. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reiterated an “overweight” rating and set a $3.00 price objective on shares of BigBear.ai in a research note on Monday, March 4th.

About BigBear.ai

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.