BigBear.ai Holdings, Inc. (BBAI) shares declined 3.28% to close at $2.65, underperforming major market benchmarks that posted gains during the latest trading session. The S&P 500 index rose 0.73%, while the Dow Jones Industrial Average gained 0.49% and the Nasdaq Composite increased by 1.19%.
In the period preceding the most recent close, BigBear.ai stock had lost 8.05%, a drop that lagged the Computer and Technology sector's gain of 6.36% and the S&P 500's increase of 0.55%. The company's upcoming earnings disclosure is a focal point for analysts and investors, with the projected earnings per share (EPS) for the coming quarter set at -$0.05. This figure represents a 28.57% increase compared to the same quarter in the previous year.
Consensus estimates place revenue for the upcoming quarter at $38.11 million, reflecting a 15% escalation from the year-ago period. For the entire fiscal year, Zacks Consensus Estimates project earnings of -$0.27 per share and total revenue of $146.97 million. These projections represent changes of +67.07% and +15.12%, respectively, from the prior year.
The Zacks Rank system, a quantitative model incorporating estimate changes, currently assigns BigBear.ai a rating of #3 (Hold). Over the past month, there has been no change in the Zacks Consensus EPS estimate for the company. The Zacks Rank ranges from #1 (Strong Buy) to #5 (Strong Sell), with #1 stocks delivering an average annual return of +25% since 1988 according to outside-audited data.
BigBear.ai operates within the Computers - IT Services industry, which is part of the broader Computer and Technology sector. The industry holds a Zacks Industry Rank of 59, placing it in the top 24% of all industries, a group numbering over 250. The Zacks Industry Rank orders sectors from best to worst based on the average Zacks Rank of individual companies within them. Research indicates that top-rated industries outperform the bottom half by a factor of 2 to 1.