BigBear.ai Holdings, Inc. (BBAI) closed the most recent trading day at $8.52, moving -4.38% from the previous trading session. This change lagged the S&P 500's 0.4% gain on the day. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 0.66%.
Shares of the company have appreciated by 50% over the course of the past month, outperforming the Computer and Technology sector's gain of 2.27%, and the S&P 500's gain of 1.02%.
Investors will be eagerly watching for the performance of BigBear.ai Holdings, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.06, marking a 20% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $35.55 million, showing a 14.35% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.1 per share and a revenue of $132.54 million, indicating changes of 0% and -16.24%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for BigBear.ai Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BigBear.ai Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 50, positioning it in the top 21% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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