BigBear.ai Holdings, Inc. (BBAI) closed the most recent trading day at $7.10, moving +2.6% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.4% for the day. Elsewhere, the Dow saw a downswing of 0.98%, while the tech-heavy Nasdaq appreciated by 0.18%.
Prior to today's trading, shares of the company had gained 67.15% outpaced the Computer and Technology sector's gain of 6.34% and the S&P 500's gain of 4.97%.
Market participants will be closely following the financial results of BigBear.ai Holdings, Inc. in its upcoming release. The company is predicted to post an EPS of -$0.07, indicating a 75% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $40.99 million, showing a 3.04% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.41 per share and a revenue of $166.85 million, indicating changes of +62.73% and +5.45%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for BigBear.ai Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, BigBear.ai Holdings, Inc. boasts a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 30% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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BigBear.ai Holdings, Inc. (BBAI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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