In the latest trading session, BigBear.ai Holdings, Inc. (BBAI) closed at $3.75, marking a -1.06% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.26% for the day. Meanwhile, the Dow gained 0.24%, and the Nasdaq, a tech-heavy index, added 0.36%.
Shares of the company have depreciated by 0.26% over the course of the past month, underperforming the Computer and Technology sector's gain of 9.34%, and the S&P 500's gain of 5.98%.
The investment community will be paying close attention to the earnings performance of BigBear.ai Holdings, Inc. in its upcoming release. The company is predicted to post an EPS of -$0.06, indicating a 40% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $31.28 million, down 10.01% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.3 per share and revenue of $143.6 million, which would represent changes of +63.41% and +12.48%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for BigBear.ai Holdings, Inc. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, BigBear.ai Holdings, Inc. is carrying a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 78, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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BigBear.ai Holdings, Inc. (BBAI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).