BigBear.ai (BBAI) Set to Announce Quarterly Earnings on Thursday

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

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.14) earnings per share (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 analyst estimates of $42.75 million. During the same period in the prior year, the business posted ($0.23) earnings per share. BigBear.ai’s quarterly revenue was up .5% on a year-over-year basis. 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 Price Performance

Shares of BBAI opened at $1.69 on Thursday. BigBear.ai has a 1 year low of $1.16 and a 1 year high of $4.80. The company has a 50 day simple moving average of $2.27 and a two-hundred day simple moving average of $1.91. The firm has a market cap of $410.04 million, a P/E ratio of -4.02 and a beta of 3.68.

Insider Activity at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $2.69, for a total value of $14,949,252.67. Following the completion of the transaction, the director now directly owns 159,186,896 shares of the company’s stock, valued at $428,212,750.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO Sean Raymond Ricker sold 101,751 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $2.44, for a total value of $248,272.44. Following the completion of the sale, the chief accounting officer now directly owns 161,830 shares in the company, valued at $394,865.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $2.69, for a total value of $14,949,252.67. Following the completion of the sale, the director now owns 159,186,896 shares of the company’s stock, valued at $428,212,750.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,838,420 shares of company stock valued at $15,635,973. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

BigBear.ai Company Profile

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.