In the latest trading session, BigBear.ai Holdings, Inc. (BBAI – Free Report) closed at $3.49, marking a -1.13% move from the previous day. This change lagged the S&P 500’s daily gain of 0.64%. Meanwhile, the Dow experienced a rise of 0.85%, and the technology-dominated Nasdaq saw an increase of 0.31%.
The the stock of company has fallen by 60.87% in the past month, lagging the Computer and Technology sector’s loss of 11.22% and the S&P 500’s loss of 7.69%.
The investment community will be closely monitoring the performance of BigBear.ai Holdings, Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.06, showcasing a 72.73% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $35.9 million, indicating an 8.38% growth compared to the corresponding quarter of the prior year.
BBAI’s full-year Zacks Consensus Estimates are calling for earnings of -$0.21 per share and revenue of $167.2 million. These results would represent year-over-year changes of +80.91% and +5.67%, respectively.
It’s also important for investors to be aware of any recent modifications to analyst estimates for BigBear.ai Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 12.28% lower. BigBear.ai Holdings, Inc. is currently a Zacks Rank #4 (Sell).
The Computers – IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 79, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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