BigBear.ai Holdings, Inc. (BBAI) ended the recent trading session at $2.80, demonstrating a -1.41% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.03%. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq increased by 0.01%.
The company's stock has dropped by 6.89% in the past month, falling short of the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.
The upcoming earnings release of BigBear.ai Holdings, Inc. will be of great interest to investors. 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%. At the same time, our most recent consensus estimate is projecting a revenue of $38.11 million, reflecting a 15% rise from the equivalent quarter last year.
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. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% 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. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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BigBear.ai Holdings, Inc. (BBAI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).