In the latest trading session, BigBear.ai Holdings, Inc. (BBAI) closed at $4.56, marking a -6.37% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.33%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, lost 0.59%.
Shares of the company have depreciated by 22.82% over the course of the past month, underperforming the Computer and Technology sector's loss of 1.09%, and the S&P 500's loss of 0%.
Analysts and investors alike will be keeping a close eye on the performance of BigBear.ai Holdings, Inc. in its upcoming earnings disclosure. On that day, BigBear.ai Holdings, Inc. is projected to report earnings of -$0.05 per share, which would represent a year-over-year decline of 25%. In the meantime, our current consensus estimate forecasts the revenue to be $32.44 million, indicating a 26% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.93 per share and a revenue of $132.81 million, demonstrating changes of +15.45% and -16.07%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for BigBear.ai Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, BigBear.ai Holdings, Inc. is carrying a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 143, positioning it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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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