BigBear.ai Holdings, Inc. BBAI shares ended the last trading session 44.8% higher at $7.11. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 24% gain over the past four weeks.
BigBear.ai's growth is driven by its expanding product portfolio, strong partner network, and ability to leverage rising government AI investments, exemplified by a recent Department of Defense contract to advance its VANE prototype for AI-driven media analysis in national security.
This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +64.3%. Revenues are expected to be $54.17 million, up 33.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For BigBear.ai, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BBAI going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
BigBear.ai is a member of the Zacks Computers - IT Services industry. One other stock in the same industry, Unisys UIS, finished the last trading session 3.2% higher at $7.07. UIS has returned 4.6% over the past month.
Unisys' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.20. Compared to the company's year-ago EPS, this represents a change of -60.8%. Unisys currently boasts a Zacks Rank of #3 (Hold).
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