In the latest trading session, BigBear.ai Holdings, Inc. (BBAI) closed at $3.18, marking a +1.27% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.76%. Meanwhile, the Dow lost 1.14%, and the Nasdaq, a tech-heavy index, lost 0.18%.
Shares of the company witnessed a loss of 63.99% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 11.69% and the S&P 500's loss of 7.29%.
The investment community will be closely monitoring the performance of BigBear.ai Holdings, Inc. in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.06, signifying a 72.73% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $38.09 million, showing a 15.01% escalation compared to the year-ago quarter.
BBAI's full-year Zacks Consensus Estimates are calling for earnings of -$0.22 per share and revenue of $165.71 million. These results would represent year-over-year changes of +80% and +4.72%, respectively.
It is also important to note the recent changes to analyst estimates for BigBear.ai Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 15.79% lower. BigBear.ai Holdings, Inc. is holding a Zacks Rank of #4 (Sell) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 81, placing it within the top 33% of over 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.
Be sure to follow all of these stock-moving metrics, and many more, on 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).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
