BigBear.ai (BBAI) Scheduled to Post Earnings on Thursday

BigBear.ai (NYSE:BBAI) will be issuing its quarterly earnings data 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 results on Thursday, March 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The company had revenue of $40.56 million for the quarter, compared to the consensus estimate of $42.75 million. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.23) EPS. 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 1.7 %

Shares of NYSE BBAI opened at $1.72 on Tuesday. The stock has a fifty day moving average of $2.24 and a 200-day moving average of $1.92. BigBear.ai has a fifty-two week low of $1.16 and a fifty-two week high of $4.80.

Analyst Ratings Changes

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

Insider Buying and Selling

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 159,186,896 shares of the company’s stock, valued at approximately $428,212,750.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the business’s stock in a transaction that occurred 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 owns 159,186,896 shares of the company’s stock, valued at approximately $428,212,750.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Sean Raymond Ricker sold 36,250 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $2.07, for a total transaction of $75,037.50. Following the sale, the chief accounting officer now owns 99,428 shares in the company, valued at approximately $205,815.96. The disclosure for this sale can be found here. Insiders sold a total of 5,838,420 shares of company stock worth $15,635,973 over the last ninety days. 2.00% of the stock is owned by corporate insiders.

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.