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BigBear.ai Holdings, Inc. (BBAI) Stock Slides as Market Rises: Facts to Know Before You Trade
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BigBear.ai Holdings, Inc. (BBAI - Free Report) ended the recent trading session at $2.39, demonstrating a -1.24% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.6%. On the other hand, the Dow registered a gain of 0.83%, and the technology-centric Nasdaq increased by 0.64%.
The company's shares have seen a decrease of 14.18% over the last month, not keeping up with the Computer and Technology sector's gain of 4.03% and the S&P 500's gain of 1.34%.
The investment community will be closely monitoring the performance of BigBear.ai Holdings, Inc. in its forthcoming earnings report. 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%. In the meantime, our current consensus estimate forecasts the revenue to be $38.11 million, indicating a 15% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.27 per share and a revenue of $146.97 million, representing changes of +67.07% and +15.12%, respectively, from the prior year.
Any recent changes to analyst estimates for BigBear.ai Holdings, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BigBear.ai Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 70, which puts it in the top 29% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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BigBear.ai Holdings, Inc. (BBAI) Stock Slides as Market Rises: Facts to Know Before You Trade
BigBear.ai Holdings, Inc. (BBAI - Free Report) ended the recent trading session at $2.39, demonstrating a -1.24% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.6%. On the other hand, the Dow registered a gain of 0.83%, and the technology-centric Nasdaq increased by 0.64%.
The company's shares have seen a decrease of 14.18% over the last month, not keeping up with the Computer and Technology sector's gain of 4.03% and the S&P 500's gain of 1.34%.
The investment community will be closely monitoring the performance of BigBear.ai Holdings, Inc. in its forthcoming earnings report. 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%. In the meantime, our current consensus estimate forecasts the revenue to be $38.11 million, indicating a 15% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.27 per share and a revenue of $146.97 million, representing changes of +67.07% and +15.12%, respectively, from the prior year.
Any recent changes to analyst estimates for BigBear.ai Holdings, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BigBear.ai Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 70, which puts it in the top 29% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.