Q2 2023 EPS Estimates for BigBear.ai Holdings, Inc. (NYSE:BBAI) Lifted by Northland Capmk

BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Rating) – Research analysts at Northland Capmk lifted their Q2 2023 earnings per share estimates for BigBear.ai in a research note issued on Tuesday, March 14th. Northland Capmk analyst M. Latimore now anticipates that the company will post earnings per share of ($0.06) for the quarter, up from their previous estimate of ($0.07). The consensus estimate for BigBear.ai’s current full-year earnings is ($0.35) per share. Northland Capmk also issued estimates for BigBear.ai’s Q4 2023 earnings at ($0.05) EPS and FY2023 earnings at ($0.24) EPS.

BigBear.ai Trading Down 7.9 %

Shares of NYSE BBAI opened at $1.64 on Thursday. BigBear.ai has a twelve month low of $0.58 and a twelve month high of $16.12. The stock has a market capitalization of $231.49 million, a PE ratio of -1.85 and a beta of 4.12. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 33.05. The stock has a fifty day simple moving average of $2.95 and a 200-day simple moving average of $1.78.

BigBear.ai (NYSE:BBAI – Get Rating) last announced its quarterly earnings data on Monday, March 13th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.14). The company had revenue of $40.36 million for the quarter, compared to analysts’ expectations 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 previous year, the business posted ($0.70) EPS.

Institutional Trading of BigBear.ai

Institutional investors have recently bought and sold shares of the business. Greenhaven Road Investment Management L.P. purchased a new stake in shares of BigBear.ai in the 2nd quarter valued at about $2,291,000. Invesco Ltd. purchased a new stake in shares of BigBear.ai in the 1st quarter valued at about $2,953,000. UBS Group AG lifted its holdings in shares of BigBear.ai by 344.9% in the 3rd quarter. UBS Group AG now owns 58,364 shares of the company’s stock valued at $92,000 after purchasing an additional 45,247 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of BigBear.ai in the 1st quarter valued at about $142,000. Finally, Credit Suisse AG purchased a new stake in shares of BigBear.ai in the 2nd quarter valued at about $55,000. 1.47% of the stock is owned by hedge funds and other institutional investors.

About BigBear.ai

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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.