Q1 2023 EPS Estimates for BigBear.ai Holdings, Inc. (NYSE:BBAI) Lifted by Oppenheimer

BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Rating) – Analysts at Oppenheimer upped their Q1 2023 earnings estimates for BigBear.ai in a report issued on Tuesday, March 14th. Oppenheimer analyst I. Kidron now forecasts that the company will post earnings per share of ($0.06) for the quarter, up from their prior estimate of ($0.11). The consensus estimate for BigBear.ai’s current full-year earnings is ($0.35) per share. Oppenheimer also issued estimates for BigBear.ai’s Q2 2023 earnings at ($0.06) EPS, Q3 2023 earnings at ($0.06) EPS, Q4 2023 earnings at ($0.06) EPS, FY2023 earnings at ($0.23) EPS and FY2024 earnings at ($0.19) EPS.

BigBear.ai Price Performance

Shares of NYSE:BBAI opened at $1.64 on Thursday. The company has a 50-day moving average price of $2.95 and a two-hundred day moving average price of $1.78. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 33.05. BigBear.ai has a twelve month low of $0.58 and a twelve month high of $16.12. The firm has a market capitalization of $231.49 million, a PE ratio of -1.85 and a beta of 4.12.

BigBear.ai (NYSE:BBAI – Get Rating) last issued its earnings results on Monday, March 13th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.14). The business had revenue of $40.36 million for the quarter, compared to the consensus estimate of $39.96 million. BigBear.ai had a negative return on equity of 719.34% and a negative net margin of 78.49%. During the same quarter in the prior year, the business earned ($0.70) EPS.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BBAI. Greenhaven Road Investment Management L.P. purchased a new position in shares of BigBear.ai during the second quarter worth approximately $2,291,000. Invesco Ltd. purchased a new position in shares of BigBear.ai during the first quarter worth approximately $2,953,000. UBS Group AG raised its stake in shares of BigBear.ai by 344.9% during the third quarter. UBS Group AG now owns 58,364 shares of the company’s stock worth $92,000 after acquiring an additional 45,247 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of BigBear.ai during the first quarter worth approximately $142,000. Finally, Credit Suisse AG purchased a new position in shares of BigBear.ai in the second quarter worth $55,000. 1.47% of the stock is owned by hedge funds and other institutional investors.

BigBear.ai Company Profile

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BigBear.ai Holdings, Inc provides artificial intelligence and machine learning for decision support. The company operates through two segments, Cyber & Engineering and Analytics. The Cyber & Engineering segment offers high-end technology and management consulting services. It focuses in the areas of cloud engineering and enterprise IT, cybersecurity, computer network operations and wireless, systems engineering, and strategy and program planning.