Back to top

Image: Bigstock

BigBear.ai Holdings, Inc. (BBAI) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Read MoreHide Full Article

In the latest close session, BigBear.ai Holdings, Inc. (BBAI - Free Report) was down 3.13% at $3.41. This change lagged the S&P 500's daily loss of 0.01%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq lost 0.46%.

The stock of company has fallen by 19.45% in the past month, lagging the Computer and Technology sector's loss of 2.57% and the S&P 500's loss of 1.4%.

The investment community will be closely monitoring the performance of BigBear.ai Holdings, Inc. in its forthcoming earnings report. The company is predicted to post an EPS of -$0.05, indicating a 16.67% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $35.24 million, showing a 8.52% escalation compared to the year-ago quarter.

BBAI's full-year Zacks Consensus Estimates are calling for earnings of -$0.25 per share and revenue of $144.31 million. These results would represent year-over-year changes of +69.51% and +13.03%, respectively.

Investors might also notice recent changes to analyst estimates for BigBear.ai Holdings, Inc. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. BigBear.ai Holdings, Inc. is currently sporting a Zacks Rank of #4 (Sell).

The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 150, this industry ranks in the bottom 39% 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.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

Published in