In the latest close session, BigBear.ai Holdings, Inc. (BBAI) was down 2.08% at $2.82. The stock trailed the S&P 500, which registered a daily loss of 0.45%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.78%.
Heading into today, shares of the company had lost 10.28% over the past month, lagging the Computer and Technology sector's loss of 1.27% and the S&P 500's loss of 1.99%.
The investment community will be paying close attention to the earnings performance of BigBear.ai Holdings, Inc. in its upcoming release. In that report, analysts expect BigBear.ai Holdings, Inc. to post earnings of -$0.05 per share. This would mark year-over-year growth of 28.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $38.11 million, up 15% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.27 per share and a revenue of $146.97 million, signifying shifts of +67.07% and +15.12%, respectively, from the last year.
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 business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. BigBear.ai Holdings, Inc. is currently a Zacks Rank #4 (Sell).
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 102, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BBAI in the coming trading sessions, be sure to utilize Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).