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BigBear.ai Holdings, Inc. (BBAI) Ascends While Market Falls: Some Facts to Note
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BigBear.ai Holdings, Inc. (BBAI - Free Report) closed at $6.02 in the latest trading session, marking a +1.35% move from the prior day. This move outpaced the S&P 500's daily loss of 0.1%. On the other hand, the Dow registered a gain of 0.57%, and the technology-centric Nasdaq decreased by 0.33%.
Heading into today, shares of the company had gained 8% over the past month, outpacing the Computer and Technology sector's gain of 5.94% and the S&P 500's gain of 2.57%.
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 -$0.06, indicating a 20% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $35.55 million, down 14.35% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.1 per share and revenue of $132.54 million, which would represent changes of 0% and -16.24%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for BigBear.ai Holdings, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. BigBear.ai Holdings, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 103, putting it in the top 42% 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.
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) Ascends While Market Falls: Some Facts to Note
BigBear.ai Holdings, Inc. (BBAI - Free Report) closed at $6.02 in the latest trading session, marking a +1.35% move from the prior day. This move outpaced the S&P 500's daily loss of 0.1%. On the other hand, the Dow registered a gain of 0.57%, and the technology-centric Nasdaq decreased by 0.33%.
Heading into today, shares of the company had gained 8% over the past month, outpacing the Computer and Technology sector's gain of 5.94% and the S&P 500's gain of 2.57%.
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 -$0.06, indicating a 20% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $35.55 million, down 14.35% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$1.1 per share and revenue of $132.54 million, which would represent changes of 0% and -16.24%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for BigBear.ai Holdings, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. BigBear.ai Holdings, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 103, putting it in the top 42% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.